Cognition raises $2B at $48B valuation as Devin's run-rate revenue jumps to nearly $900M
thione · x · 2026-09-15
Cognition, maker of Devin, announced a Series E of over $2B at a $48B valuation, led by new investors Andreessen Horowitz and Accel, with Founders Fund, General Catalyst, Avenir and dozens more participating.
Key facts
- Run-rate revenue grew from $492M to nearly $900M since the May round
- Devin now powers engineering teams at NVIDIA (chip design), GE Aerospace, Citi, Mercedes-Benz and Modal
- New capabilities: Devin Auto-Triage for first-pass incident investigation and Security Swarm for finding and triaging security issues
The same post also notes Inception's Mercury 2.5 diffusion LLM, claiming 40% higher intelligence at 1,107 tokens per second.
Related event: Cognition raises $2B at $48B valuation(2 posts)→
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