---
title: "AI coding startup Cognition raises $1B at $25B valuation"
url: https://stacklist.com/card/ea5b25b8-0931-4e0b-bf92-a3883e8673e7
source_url: "https://techcrunch.com/2026/05/27/ai-coding-startup-cognition-raises-1b-at-25b-pre-money-valuation/"
stack: https://stacklist.com/c/finance/stack/f8553b69-ce7a-48b8-ad46-b884c9a590e7
summary: "Cognition, the AI coding startup behind the autonomous software engineer Devin, has raised over $1 billion at a $25 billion pre-money valuation, led by Lux Capital, General Catalyst, and 8VC. The company reports $492 million in annualized revenue run-rate with major enterprise customers including Mercedes-Benz, NASA, and Goldman Sachs, and 50% month-over-month growth in Devin usage over the past six months."
tags: "ai-coding, cognition, devin, fundraising, venture-capital, startups, valuation"
key_entities: "Cognition (organization), Devin (technology), Lux Capital (organization), General Catalyst (organization), 8VC (organization), Founders Fund (organization), Ribbit Capital (organization), Julie Bort (person), Elad Gil (person), Mercedes-Benz (organization), NASA (organization), Goldman Sachs (organization), Santander (organization), Claude Code (technology), OpenAI Codex (technology), Anthropic (organization), OpenAI (organization), Google (organization), Windsurf (organization)"
classification: "notes"
content_hash: "sha256:1b1c97ffeac63c766a9307cd84bc1388e1186df82591d98a63047c31aeda1d48"
acp_version: "0.2"
token_counts_approximate: 835
visibility: public
agent_accessible: true
status: "final"
---

# AI coding startup Cognition raises $1B at $25B valuation

In Brief Posted: 9:00 AM PDT · May 27, 2026 Image Credits: Cognition Julie Bort AI coding startup Cognition raises $1B at $25B pre-money valuation Cognition, the makers of the autonomous AI software engineer named Devin, has raised more than $1 billion at a $25 billion pre-money valuation ($26 billion post money), the company announced on Wednesday. That’s a major leap from its $10.2 billion post-money valuation when it closed a $400 million funding round just eight months ago in September. The round was led by Lux Capital, General Catalyst and 8VC, with a host of existing investors pouring in, including Elad Gil, Soma Capital, Omri Casspi, Founders Fund, and a long list of others. The round also included new investors like Ribbit Capital, Atreides, and Layer Global. This is a giant vote of confidence from top-tier VCs that there will be room for independent AI software coding startups. Last year, all signs pointed to model makers swallowing this hot market themselves. Certainly Anthropic’s Claude Code, OpenAI’s Codex, and maybe even Google’s coding agent Jules (after Google’s acqui-hire deal of Windsurf last year) have captured a lot of it. But Cognition, which acquired the remaining bits of Windsurf last year , says it counts big enterprises like Mercedes-Benz, NASA, Goldman Sachs, and Santander as customers. It also says it’s reached $492 million in annualized revenue run-rate as enterprise usage of Devin has grown 50% month-over-month for the past six months. Note: This story was updated to clarify that 8VC was a lead investor, to list several other additional major investors and to name the post-money valuation. Topics AI , ai coding , cognition , Devin , Startups June 18 Los Angeles Get an inside look at what it takes to scale and succeed from leaders at Mach Industries, Founders Fund, and Shinkei Systems. Through candid fireside chats and high-impact networking, you’ll walk away with valuable insights and new connections. REGISTER NOW Newsletters See More Subscribe for the industry’s biggest tech news TechCrunch Daily News Every weekday and Sunday, you can get the best of TechCrunch’s coverage. TechCrunch Mobility TechCrunch Mobility is your destination for transportation news and insight. Startups Weekly Startups are the core of TechCrunch, so get our best coverage delivered weekly. StrictlyVC Provides movers and shakers with the info they need to start their day. No newsletters selected. Subscribe By submitting your email, you agree to our Terms and Privacy Notice . Related AI The token bill comes due: Inside the industry scramble to manage AI’s runaway costs Rebecca Bellan 2 hours ago AI Lovable signs multiyear deal with Google Cloud to up usage 5x, source says Julie Bort 2 days ago Enterprise Alphabet’s record-breaking $85B raise for Google’s AI business is a helluva good signal Julie Bort 2 days ago Latest in Startups Fundraising Supabase doubles valuation to $10B in 8 months Julie Bort 34 minutes ago StrictlyVC Los Angeles 2026 Defense tech, AI, and fundraising take center stage at StrictlyVC Los Angeles on June 18 TechCrunch Events 20 hours ago Stripe x Startup Battlefield Startup Battlefield is returning to Australia — here’s what happened the last time we came to Sydney Isabelle Johannessen 20 hours ago