Cognition raises $1B at $26B valuation as Devin AI software engineer writes 90% of its own code
AI coding startup Cognition has raised over $1 billion at a $26 billion valuation, more than doubling its worth in eight months. The company's flagship product Devin, an autonomous AI software engineer, now writes more than 90% of Cognition's internal code. With customers like Goldman Sachs, Mercedes-Benz, and NASA, Cognition has grown its annualized revenue from $37 million to $492 million in just 12 months.