AI coding startup Cognition raises $1B at $25B pre-money valuation
AI coding startup Cognition has successfully raised over $1 billion at a pre-money valuation of $25 billion. This funding round marks a significant increase from its previous valuation of $10.2 billion just eight months ago. Cognition's software, Devin, has gained traction among major enterprises, achieving a substantial revenue run-rate.
- ▪Cognition raised over $1 billion at a $25 billion pre-money valuation.
- ▪The funding round was led by Lux Capital and General Catalyst, with participation from existing and new investors.
- ▪Cognition's annualized revenue run-rate has reached $492 million, growing 50% month over month.
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In Brief Posted: 9:00 AM PDT · May 27, 2026 Image Credits:Cognition Julie Bort AI coding startup Cognition raises $1B at $25B pre-money valuation Cognition, the makers of the autonomous AI software engineer named Devin, has raised more than $1 billion at a $25 billion pre-money valuation, the company announced on Wednesday. That’s a major leap from its $10.2 billion post-money valuation when it closed a $400 million funding round just eight months ago in September. The round was led by Lux Capital and General Catalyst, with existing investors pouring in, including Founders Fund, 8VC, and others. The round also included new investors Ribbit Capital, Atreides, and Layer Global.
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