Startup profile · funding coverage

Cognition

Cognition, maker of AI software engineer Devin, raised over $1B at a $26B valuation in May 2026 after growing run-rate revenue 13x in a year to $492M.

Stage

See coverage

Status

private

Coverage

full

Why Cognition is interesting

Software engineering is bottlenecked by human throughput. Cognition's flagship, Devin, is an autonomous AI software engineer that automates coding, debugging, and engineering workflows — and is now writing a large share of Cognition's own code. - Enterprises want measurable engineering velocity, not AI demos. - Devin reportedly compressed a Mercedes-Benz code-modernization project from eight months to eight days. - Customers now include Goldman Sachs, Mercedes-Benz, NASA, Santander, and U.S. government agencies. Cognition, maker of AI software engineer Devin, raised over $1B at a $26B valuation in May 2026 after growing run-rate revenue 13x in a year to $492M.

Key facts

Disclosed financing: $1B
Covered in 1 Venture Capital Tracker article(s)

Industries

AI & Machine Learning

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