Cognition raises $2B at $48B valuation as Devin revenue grows 23x in a year
创业邦 · wechat · 2026-09-09
AI coding startup Cognition has closed an E round of over $2 billion at a $48 billion valuation, led by a16z and Accel with participation from NVIDIA, DST, and dozens of others.
Founded by three competitive-programming veterans, the company launched Devin (branded the first AI software engineer) in 2024 and swiftly acquired Windsurf's remaining IP and 250-person team in 2025. Annualized revenue grew over 23x in a year, from $37M to nearly $900M; Devin now accounts for 89% of commits in Cognition's internal codebase, with customers including NVIDIA, Citi, and Goldman Sachs.
Related event: Cognition Raises $2B+ at $48B Valuation as ARR Nears $900M(11 posts)→
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