{"slug": "ai-coding-startup-cognition-raises-1b-at-25b-pre-money-valuation", "title": "AI coding startup Cognition raises $1B at $25B pre-money valuation", "summary": "Cognition, the developer of the autonomous AI coding agent Devin, raised over $1 billion at a $25 billion pre-money valuation on Wednesday, a sharp increase from its $10.2 billion post-money valuation eight months ago. The round, led by Lux Capital and General Catalyst, signals strong investor confidence in independent AI coding startups despite competition from major model makers like Anthropic and OpenAI. Cognition reported $492 million in annualized revenue run-rate and 50% month-over-month growth in enterprise usage of Devin, with clients including Mercedes-Benz, NASA, Goldman Sachs, and Santander.", "body_md": "Cognition, the makers of the autonomous AI software engineer named Devin, has raised more than $1 billion at a $25 billion pre-money valuation, the company announced on Wednesday.\n\nThat’s a major leap from its $10.2 billion post-money valuation when it closed a [$400 million funding round](https://www.cnbc.com/2025/09/08/cognition-valued-at-10point2-billion-two-months-after-windsurf-.html) just eight months ago in September.\n\nThe round was led by Lux Capital and General Catalyst, with existing investors pouring in, including Founders Fund, 8VC, and others. The round also included new investors Ribbit Capital, Atreides, and Layer Global.\n\nThis 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](https://techcrunch.com/2025/08/01/more-details-emerge-on-how-windsurfs-vcs-and-founders-got-paid-from-the-google-deal/) last year) have captured a lot of it.\n\nBut Cognition, [which acquired the remaining bits of Windsurf last year](https://techcrunch.com/2025/07/14/cognition-maker-of-the-ai-coding-agent-devin-acquires-windsurf/), 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.", "url": "https://wpnews.pro/news/ai-coding-startup-cognition-raises-1b-at-25b-pre-money-valuation", "canonical_source": "https://techcrunch.com/2026/05/27/ai-coding-startup-cognition-raises-1b-at-25b-pre-money-valuation/", "published_at": "2026-05-27 16:00:00+00:00", "updated_at": "2026-05-27 16:26:42.291173+00:00", "lang": "en", "topics": ["ai-startups", "ai-products", "ai-agents", "generative-ai"], "entities": ["Cognition", "Devin", "Lux Capital", "General Catalyst", "Founders Fund", "8VC", "Ribbit Capital", "Mercedes-Benz"], "alternates": {"html": "https://wpnews.pro/news/ai-coding-startup-cognition-raises-1b-at-25b-pre-money-valuation", "markdown": "https://wpnews.pro/news/ai-coding-startup-cognition-raises-1b-at-25b-pre-money-valuation.md", "text": "https://wpnews.pro/news/ai-coding-startup-cognition-raises-1b-at-25b-pre-money-valuation.txt", "jsonld": "https://wpnews.pro/news/ai-coding-startup-cognition-raises-1b-at-25b-pre-money-valuation.jsonld"}}