Cognition AI Inc. Raises $1B at $26B Valuation

Cognition AI Inc. Raises $1B at $26B Valuation

Cognition AI Inc., a San Francisco, CA-based artificial intelligence startup specializing in software development automation, has raised $1 billion in a new funding round, valuing the business at $26 billion.

The financing round was co-led by Lux Capital, General Catalyst, and 8VC. Additional investors participating in the round include Ribbit Capital, Atreides Management LP, and Founders Fund.

The company plans to use the new capital to maintain its independence and continue operating as an independent business as it scales its operations.

Founded in 2023 by Scott Wu, Founded in 2023, Cognition is an AI company focused on autonomous software engineering. The company’s flagship product, Devin, is an AI coding agent designed to assist with tasks such as writing code, debugging, and managing engineering workflows. The platform utilizes a combination of proprietary and third-party models to assist businesses in software development. Cognition’s enterprise customer base includes Goldman Sachs, Mercedes-Benz, and multiple U.S. government agencies.

Funding Details

Company Website: https://cognition.ai

Company: Cognition AI Inc.

Raised: $1B

Funding Date: May 28, 2026

Lead Investor: Lux Capital, General Catalyst, 8VC

Additional Investors: Ribbit Capital, Atreides Management LP, Founders Fund

Company Website: https://cognition.ai

Software Category: AI Software Development