Source: Crunchbase
Summary
Cognition, a company that didn’t disclose its product or service, announced it has reached $492 million in annualized revenue run rate. The company’s valuation has more than doubled in eight months, according to the company.
Our Reading
The announcement sounds ambitious.
Cognition’s revenue run rate has reached $492 million, more than doubling its valuation in just eight months. Another company, another valuation milestone. Cognition’s announcement is light on details, but big on numbers. Because what’s a press release without a few hundred million dollars in revenue? Cognition’s “achievement” is just another reminder that valuation milestones are a dime a dozen in the tech world.
Author: Evan Null
