# 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.

## Why it 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.

## Profile

- **Stage:** other
- **Status:** private
- **Industries:** ai-ml
- **Coverage:** full
- **Last updated:** 2026-05-27

## Key facts

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

## Related articles

- https://venturecapitaltracker.com/2026-cognition-1b-devin-ai-coding

---
Source: https://venturecapitaltracker.com/startup/cognition