At a Glance · AI-generated

Cognition, the AI startup behind coding agent Devin, raised $1 billion in a funding round that more than doubled its valuation to $26 billion, the company announced May 27. The financing round valued the company at $25 billion pre-money, representing significant growth in less than nine months since its previous funding. Cognition's rapid valuation increase underscores investor confidence in AI-powered developer tools and autonomous coding agents.