AI coding startup Cognition raises $1B at $25B valuation

Cognition, the AI coding startup behind the Devin software engineer agent, has raised $1 billion in new funding at a $25 billion pre-money valuation. The company says it has more than doubled its valuation in just eight months. Cognition currently reports an annualized revenue run rate of $492 million.

Cognition, the artificial intelligence startup known for developing Devin — an autonomous AI software engineer — has closed a $1 billion funding round at a pre-money valuation of $25 billion, marking one of the largest raises in the AI coding space to date.

The company says its valuation has more than doubled in the span of just eight months, reflecting the explosive investor appetite for AI-powered developer tools. Cognition's annualized revenue run rate has reached $492 million, signaling strong commercial traction alongside its rapid capital growth.

The funding round underscores the intensifying competition among startups building AI agents capable of writing, reviewing, and deploying code autonomously. Cognition's Devin attracted widespread attention when it was introduced as one of the first AI systems able to complete complex software engineering tasks end-to-end with minimal human input.

The $25 billion valuation places Cognition among the most highly valued private AI companies globally, as enterprises increasingly look to automate software development workflows. The billion-dollar raise is expected to fuel further research and product expansion as Cognition competes with both well-funded rivals and major technology incumbents investing heavily in similar capabilities.