徒步旅行者在使用Google Gemini进行规划后获救：https://techcrunch.com/2026/09/05/hikers-rescued-after-using-google-gemini-for-planning/ Anthony Ha：https://techcrunch.com/author/anthony-ha/
联邦政府对特斯拉Cybercab部署展开调查：https://techcrunch.com/2026/09/04/feds-launch-investigation-into-teslas-cybercab-deployment/ Sean O'Kane：https://techcrunch.com/author/sean-okane/ Kirsten Korosec：https://techcrunch.com/author/kirsten-korosec/
Cognition, the startup developing coding assistant Devin, announced：https://cognition.com/blog/series-e it raised $2 billion at a $48 billion valuation. The round, which comes just four months after Cognition’s previous fundraise at a $26 billion valuation：https://techcrunch.com/2026/05/27/ai-coding-startup-cognition-raises-1b-at-25b-pre-money-valuation/, was led by Andreessen Horowitz, Accel, Founders Fund, General Catalyst, and Avenir.
The startup’s soaring valuation signals that VCs still see room for multiple major players to capture meaningful market share in AI coding, one of the technology’s most significant applications. Cognition said that since announcing its last fundraise in May, its annualized run-rate revenue has grown from $492 million to $900 million. While the startup didn’t explain how it calculates that run-rate revenue, the metric is usually defined as a month’s top line multiplied by 12.
Cursor, another popular coding assistant, was in talks in April to raise capital at a $50 billion valuation before agreeing to sell to SpaceX for $60 billion later that month. At the time of the funding talks, Cursor’s annualized revenue had surpassed $2 billion. This means Cognition currently commands a higher revenue multiple than Cursor did in the spring.
Cursor ultimately sold to SpaceX：https://techcrunch.com/2026/04/22/how-spacex-preempted-a-2b-fundraise-with-a-60b-buyout-offer/ largely because it was severely compute-constrained, according to investors familiar with its financials. It is unclear whether Cognition will face similar compute shortages.
Cognition leases an Nvidia server cluster that costs hundreds of millions of dollars annually, which could push its total cash burn to $800 million this year, The Information reported：https://www.theinformation.com/articles/inside-cognitions-booming-growth-high-cash-burn?rc=em6blq.
Like Cursor did before joining SpaceX, Cognition is training its own model based on open-source alternatives. Over time, reducing its reliance on expensive third-party models from OpenAI and Anthropic will help cut costs and bring the company closer to breakeven.
Cognition is expected to reach $4 billion to $5 billion in annualized revenue by the end of 2026, according to The Information. By comparison, TechCrunch reported in the spring that Cursor was on track to surpass $6 billion by year-end. Still, it’s notable that a16z, a major backer of Cursor, which made a killing when it sold to SpaceX, is back to lead a round in a Cursor competitor.
Founded in 2024 by math prodigy Scott Wu, Cognition counts Mercedes-Benz, NASA, Goldman Sachs, and Citi among its major enterprise customers.
When you purchase through links in our articles, we may earn a small commission：https://techcrunch.com/techcrunch-affiliate-monetization-standards/. This doesn’t affect our editorial independence.
Marina Temkin is a venture capital and startups reporter at TechCrunch. Prior to joining TechCrunch, she wrote about VC for PitchBook and Venture Capital Journal. Earlier in her career, Marina was a financial analyst and earned a CFA charterholder designation.
You can contact or verify outreach from Marina by emailing marina.temkin@techcrunch.com：mailto:marina.temkin@techcrunch.com or via encrypted message at +1 347-683-3909 on Signal.
Don’t miss out . The startup community will gather to answer a pivotal question: How do you build sustainably in the AI era?
A secret new Elizabeth Holmes documentary stuns Telluride：https://techcrunch.com/2026/09/07/a-secret-new-elizabeth-holmes-documentary-stuns-telluride/ Connie Loizos：https://techcrunch.com/author/connie-loizos/
TechCrunch Mobility: Tesla Cybercab hits the road — and a snag：https://techcrunch.com/2026/09/06/techcrunch-mobility-tesla-cybercab-hits-the-road-and-a-snag/ Kirsten Korosec：https://techcrunch.com/author/kirsten-korosec/
Hikers rescued after using Google Gemini for planning：https://techcrunch.com/2026/09/05/hikers-rescued-after-using-google-gemini-for-planning/ Anthony Ha：https://techcrunch.com/author/anthony-ha/
Feds launch investigation into Tesla’s Cybercab deployment：https://techcrunch.com/2026/09/04/feds-launch-investigation-into-teslas-cybercab-deployment/ Sean O'Kane：https://techcrunch.com/author/sean-okane/ Kirsten Korosec：https://techcrunch.com/author/kirsten-korosec/
Tesla is asking people if they want to buy and run Cybercab fleets：https://techcrunch.com/2026/09/03/tesla-is-asking-people-if-they-want-to-buy-and-run-cybercab-fleets/ Kirsten Korosec：https://techcrunch.com/author/kirsten-korosec/
Norway considers ban on camera-enabled wearable ‘pervert glasses’：https://techcrunch.com/2026/09/02/norway-considers-ban-on-camera-enabled-wearable-pervert-glasses/ Zack Whittaker：https://techcrunch.com/author/zack-whittaker/
Uber is laying off 10% of staff, or 3,300 people：https://techcrunch.com/2026/09/02/uber-is-laying-off-10-of-staff-or-3300-people/ Ram Iyer：https://techcrunch.com/author/ram-iyer/
扫码直达文章详情