Cognition AI just closed a Series D round north of $1 billion, pushing its post-money valuation to $26 billion. That’s up from $10.2 billion following a $400 million raise in September 2025, meaning the company more than doubled its valuation in roughly eight months.
For a company founded in November 2023, total funding now exceeds $2.5 billion.
What Cognition actually does
Cognition builds Devin, widely recognized as the first autonomous AI software engineer. Launched in March 2024, Devin doesn’t just autocomplete code snippets. It handles entire engineering tasks end to end, from understanding specifications to writing, testing, and deploying code.
Cognition’s annualized recurring revenue has ballooned from $37 million in May 2025 to $492 million. Devin now writes approximately 90% of Cognition’s own internal code.
