{"version":"1.0","type":"card","id":"5ebe8c55-0aa1-48eb-9c8a-988af46ac987","url":"https://stacklist.com/card/5ebe8c55-0aa1-48eb-9c8a-988af46ac987","title":"Cognition hits $48B valuation in a $2B Series E","source_url":"https://techcrunch.com/2026/09/08/cognition-hits-48b-valuation-signaling-investors-believe-ai-coding-is-far-from-a-winner-take-all-market/","note":"Signal of the Week. The $48B is a post-money price for preferred stock carrying a liquidation preference — not a price anyone paid for the company.","image":{"url":"https://ucarecdn.com/d68169d6-eb45-4987-8909-1aba80d939f0/","alt":"Cognition hits $48B valuation in a $2B Series E","width":1024,"height":683},"stack":{"id":"12558e62-7a4e-4321-9159-e09646f440f4","title":"Signals Served #028 — The Multiple Is Not the Price","url":"https://stacklist.com/c/finance/stack/12558e62-7a4e-4321-9159-e09646f440f4"},"created_at":"2026-09-14T17:56:17.067Z","updated_at":null,"aco":{"summary":"Cognition, an AI coding company, achieved a $48B valuation in a $2B Series E funding round, signaling investor confidence in the AI coding market. The funding demonstrates that investors believe the AI coding space remains competitive rather than winner-take-all.","tags":["cognition","ai-coding","series-e","funding","valuation","startup","venture-capital"],"key_entities":[{"name":"Cognition","type":"organization","confidence":0.99},{"name":"OpenAI","type":"organization","confidence":0.85},{"name":"Anthropic","type":"organization","confidence":0.85},{"name":"Replit","type":"organization","confidence":0.85},{"name":"TechCrunch","type":"organization","confidence":0.9},{"name":"Insight Partners","type":"organization","confidence":0.8},{"name":"Y Combinator","type":"organization","confidence":0.8},{"name":"Deven Parekh","type":"person","confidence":0.85},{"name":"Disrupt 2026","type":"event","confidence":0.95},{"name":"AI coding","type":"concept","confidence":0.95},{"name":"agentic work","type":"concept","confidence":0.8}],"classification":"analysis","language":"en","confidence":0.85,"provenance":{"model":"claude-haiku-4-5","tool":"@stacklist/be@0.1.0","confidence":0.85,"timestamp":"2026-09-14T17:56:22.829Z"},"token_counts":{"approximate":5134,"cl100k":6188},"content_hash":"sha256:ea1ca200d175995dbbfc807562549f28be5f75bfeb3db21514ad06b1d7f44fa8","acp_version":"0.2","body_available":true,"body_tokens":5134,"visibility":"public","agent_accessible":true,"status":"final"},"_links":{"self":"/api/public/card/5ebe8c55-0aa1-48eb-9c8a-988af46ac987.json","html":"https://stacklist.com/card/5ebe8c55-0aa1-48eb-9c8a-988af46ac987","md":"/api/public/card/5ebe8c55-0aa1-48eb-9c8a-988af46ac987.md","stack_json":"/api/public/stack/12558e62-7a4e-4321-9159-e09646f440f4.json"}}