Latham & Watkins Advises Cognition on US$2 Billion-Plus Series E

Cognition, an applied AI lab building end-to-end software agents, announced it has raised over US$2 billion at a US$48 billion valuation. The round was led by new investors Andreessen Horowitz and Accel, alongside existing investors Founders Fund, General Catalyst, and Avenir. Other investors in the round include Benchmark, Bessemer, Kleiner Perkins, Greylock, Lightspeed, Altimeter, Bond Capital, Meritech, Atreides, Valor, T. Rowe Price, Lux, 8VC, D1, 137 Ventures, DST, Positive Sum, HOF, Soma, BoxGroup, Battery, Ribbit, Swish, Stripes, Definition, Hanabi, Journey, Bain Capital Ventures, Layer Global, A* Capital, Alpha Wave, Alkeon, Diffusion, and NVIDIA.

Latham & Watkins LLP represented Cognition in the funding round with an Emerging Companies & Growth team led by Bay Area partner Seth Gottlieb, with associates Chris Pham, Rasha Suleiman, Nick Yacoubian, Lauren Dickstein, and Diego Guimaraes-Blandon. Latham previously advised Cognition in its earlier financing rounds, including its US$1 billion-plus Series D and US$400 million Series C, as well as its acquisition of Windsurf.