Funding Announcement
Cognition AI Inc. announced on 9 September 2026 that it has closed a $2 billion Series E financing round, which places the artificial‑intelligence coding startup at a post‑money valuation of $48 billion.
Lead Investors and Participation
The round was led by venture‑capital firms Andreessen Horowitz and Accel. Existing backers Founders Fund, General Catalyst and Avenir also participated, together with a broad syndicate that includes Benchmark, Bessemer, Kleiner Perkins, Greylock, Lightspeed, Altimeter, Bond Capital, Meritech, Atreides, Valor, T. Rowe Price, Lux, 8VC, D1, 137 Ventures, DST, Positive Sum, HOF, Soma, BoxGroup, Battery, Ribbit, Swish, Stripes, Definition, Hanabi, Journey, Bain Capital Ventures, Layer Global, A Capital, Alpha Wave, Alkeon, Diffusion and NVIDIA.
Revenue Growth
Cognition AI reported that its run‑rate revenue has increased from $492 million to almost $900 million since its previous funding round in May 2025, indicating rapid scaling of its business.
Product Offering and Key Customers
The company’s flagship product, Devin, provides AI agents that automate software‑engineering tasks such as Auto‑Triage for incident investigation, Security Swarm for vulnerability detection, and workflow automations triggered from Slack, GitHub, Linear and other platforms. Devin is deployed across multiple industries, with notable customers including NVIDIA for chip design, GE Aerospace for aviation, Citi for financial services, Mercedes‑Benz for automotive, and Modal for AI infrastructure.
Global Expansion
Since its founding in 2024, Cognition AI has broadened its geographic footprint by opening new offices in Washington, D.C., Tokyo, Singapore, London, São Paulo and Madrid, complementing its existing locations in San Francisco, New York and Austin.
Additional Information
The article was generated with AI assistance and reviewed by an editor, as noted in the publication disclaimer.