Cognition raises $2B at $48B valuation as annualized revenue nears $900M
智东西 · wechat · 2026-09-09
AI coding unicorn Cognition closed a $2B+ Series E at a $48B valuation, led by a16z and Accel, with annualized revenue jumping 83% in four months from $492M to nearly $900M.
Founded by three IOI gold medalists including CEO Scott Wu, the company offers the Devin coding agent used by NVIDIA, Citi, and Mercedes-Benz. Recent launches include Auto-Triage, Devin Desktop/Fusion, and Security Swarm, plus the SWE-1.7 model fine-tuned from Kimi K2.7 (42.3% on Frontier Code 1.1, 77.8% on SWE-Bench Multilingual). It now spans nine office cities and positions itself as a model-agnostic agent lab.
Related event: Cognition Raises $2B+ at $48B Valuation as ARR Nears $900M(11 posts)→
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