Cognition, the company behind AI software developer Devin, has raised over $1 billion at a valuation north of $26 billion. The massive round shows just how much investor money is flowing into AI coding agents, even as their real-world value remains hotly debated.

AI startup Cognition has secured over one billion dollars in a new funding round. This brings its valuation to a massive twenty-six billion dollars. Their AI agent, Devin,…

As Cognition reaches $492 in annualized revenue run rate, it more than doubled its valuation in eight months, it says.