Cognition just raised $1 billion at a $26 billion valuation, and 90% of its own code is written by its AI

TL;DR

Cognition AI has raised more than $1 billion at a $26 billion valuation for Devin, its AI coding agent. Revenue grew from $37 million to $492 million in 12 months, with Goldman Sachs, Mercedes-Benz, and the US government among its customers.

Cognition AI has raised more than $1 billion in new funding at a $26 billion valuation, more than doubling its worth since a September round that valued the company at $10.2 billion. The round was co-led by Lux Capital, General Catalyst, and 8VC, with participation from Ribbit Capital, Atreides Management, and Peter Thiel’s Founders Fund. The company has now raised more than $2.5 billion in total funding.

The numbers behind the valuation tell the story. Cognition’s revenue run rate has grown from $37 million in May 2025 to $492 million today, a 13-fold increase in 12 months. The company says it aims to cross $1 billion in annualised...

Copyright of this story solely belongs to thenextweb.com. To see the full text click HERE