Cognition's $1B at $26B: Devin and the 13x Revenue Sprint
Cognition’s May 2026 Series D: over $1B at $26B after 13x run-rate growth to $492M. Superseded for latest print: September 8 Series E closed at more than $2B / $48B — see the Series E memo.
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Cognition’s May 2026 Series D: over $1B at $26B after 13x run-rate growth to $492M. Superseded for latest print: September 8 Series E closed at more than $2B / $48B — see the Series E memo.
Three May deals show stablecoin capital splitting between EM neobanks, FI orchestration APIs, and AI-native banks — infrastructure, not speculation.
May funding shows capital stacking on AI infra — serverless GPU, retrieval search, world models, and enterprise delivery — not another wrapper.
One week in May 2026 saw $400M+ in fintech infra deals — banking, payments AI, fraud, stablecoins, and compliance ops, not consumer apps.
AlleyWatch tracked 34 deals and $2.53B for the week ending May 23 — from Modal's $355M to Hark's $700M Series A, here's what mattered.
MiRus raised $1.5B in May 2026, one of the month's largest non-AI rounds, underscoring that medical devices can still command megaround capital.