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💰Cognition Raises $1B at $26B, 2.5x Value in 8 Months

TL;DR

AI coding startup Cognition, maker of the Devin agent, raised over $1B at a $26B valuation, up from $10.2B eight months ago. Its revenue run rate jumped to roughly $492M, with Goldman Sachs, Mercedes-Benz, and parts of the US government using Devin.

AI coding startup Cognition, maker of the Devin agent, raised over $1B at a $26B valuation, up from $10.2B eight months ago. Its revenue run rate jumped to roughly $492M, with Goldman Sachs, Mercedes-Benz, and parts of the US government using Devin.

Cognition Raises $1B at $26B, 2.5x Value in 8 Months — daily-hour-news

Key Points

1

$1B+ raised at a $25B pre-money / $26B post valuation, announced May 27, 2026

2

Valuation up 2.5x from $10.2B post-money in September 2025

3

Revenue run rate climbed to ~$492M from ~$37M a year earlier

4

Round led by Lux Capital and General Catalyst; Founders Fund, 8VC, Ribbit, Atreides joined

5

Capital earmarked for model training, infrastructure, and acquisitions

Why It Matters

A 13x revenue jump in a year suggests enterprises are paying for autonomous coding agents, not just experimenting with them.

Quick Facts

CognitionDevinAI codingfundingvaluationagentsenterprise AI

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