Cognition raises $1B at $25B valuation as AI coding agents go enterprise
The autonomous coding startup has more than doubled its valuation in eight months, drawing fresh capital even as Big Tech pushes its own programming tools.
- Cognition raised more than $1 billion at a $25 billion pre-money valuation, up from a $10.2 billion post-money valuation in September 2025.
- The company claims a $492 million annualized revenue run rate and says Devin usage doubles every eight weeks.
- Lux Capital and General Catalyst led the round, with participation from Founders Fund, 8VC, Ribbit Capital, Atreides, and Layer Global.