💰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.
Key Points
$1B+ raised at a $25B pre-money / $26B post valuation, announced May 27, 2026
Valuation up 2.5x from $10.2B post-money in September 2025
Revenue run rate climbed to ~$492M from ~$37M a year earlier
Round led by Lux Capital and General Catalyst; Founders Fund, 8VC, Ribbit, Atreides joined
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
Frequently Asked Questions
Why does this matter?
A 13x revenue jump in a year suggests enterprises are paying for autonomous coding agents, not just experimenting with them.
What happened?
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.
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