Cognition raises $2B at $48B valuation as run-rate revenue jumps from $492M to nearly $900M

lishali88 · x · 2026-09-09

Cognition, maker of Devin, raised over $2B at a $48B valuation led by a16z, Accel, Founders Fund, General Catalyst, and Avenir. Run-rate revenue has grown from $492M to nearly $900M since its May round. Investor Jennifer Li argues the future needs an independent, model-agnostic agent company as models improve and agents become universal.

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