AI coding startup Cognition raises $1B at $25B pre-money valuation
In Brief
9:00 AM PDT · May 27, 2026
Cognition, the makers of the autonomous AI software engineer named Devin, has raised more than $1 billion at a $25 billion pre-money valuation, the company announced on Wednesday.
That’s a major leap from its $10.2 billion post-money valuation when it closed a $400 million funding round just eight months ago in September.
The round was led by Lux Capital and General Catalyst, with existing investors pouring in, including Founders Fund, 8VC, and others. The round also included new investors Ribbit Capital, Atreides, and Layer Global.
This is a giant vote of confidence from top-tier VCs that there will be room for independent AI software coding startups. Last year, all signs pointed to model makers swallowing this hot market themselves. Certainly Anthropic’s Claude Code, OpenAI’s Codex, and maybe even Google’s coding agent Jules, (after Google’s acqui-hire deal of Windsurflast year), have...
Copyright of this story solely belongs to techcrunch.com. To see the full text click HERE
