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Chronicles

The story behind the story

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AI coding startup Cognition AI raised more than $1B at a $26B valuation, and says its revenue run rate has increased to $492M from $37M in May 2025

Bloomberg Rebecca Torrence

Discussion

  • @jeffwsurf Jeff Wang on x
    We've raised $1B at a $26B valuation @cognition is firing on all cylinders, and we are constantly building the future of software engineering. Things are moving so fast that you might have missed some of our latest developments: -Having an interface that easily manages agents
  • @cognition @cognition on x
    2/ As we've scaled, Cognition has become a trusted partner for the world's largest and most impactful organizations - including Citi, Mercedes-Benz, Goldman Sachs, Elevance, Dell, Santander, the U.S. Army, and the U.S. Navy. Fast-growing startups like Exa, Modal, Eight Sleep, [im…
  • @cognition @cognition on x
    5/ Today, Devin is responsible for 89% of the PRs written at Cognition. Devin has dramatically accelerated our product roadmap, building and shipping new features like Devin Review, Auto-Triage, Managed and Scheduled Devins, Windsurf 2.0, and more. [image]
  • @cognition @cognition on x
    4/ We've also started building our model training program. We recently launched SWE-1.6, which has become the most used model in Windsurf, and which customers love for both its cost and speed (up to 950 tok/s).
  • @cognition @cognition on x
    3/ Cognition is an independent agent lab. Independence matters as token usage grows exponentially across the industry, and teams increasingly care about price performance - which requires using the right model for the right task. We evaluate model performance across 100+
  • @cognition @cognition on x
    1/ We've raised over $1B at a $26B valuation, led by @Lux_Capital, @generalcatalyst, and @8vc. Our enterprise usage has grown >10x since the start of this year, and our run-rate revenue grew to $492 M. We launched Devin two years ago as the first AI software engineer. Since [imag…
  • Aaref Hilaly Aaref Hilaly on linkedin
    There's no bigger, faster-moving, more competitive market than code gen. Cognition took the harder, more ambitious approach. …
  • Rebecca Torrence Rebecca Torrence on linkedin
    Exclusive: Cognition just raised over $1 billion at a $26 billion post-money valuation.  —  The AI coding startup has seen usage among business customers explode …
  • Benton Bagot Benton Bagot on linkedin
    🚀 🦄 🚨 Excited to announce Cognition's recent funding round with $26B valuation! …
  • Austin Mead Austin Mead on linkedin
    We've raised over $1B at a $26B valuation, led by Lux Capital, General Catalyst, and 8VC.  —  It's been exhilarating to see the pace of adoption …
  • Luis Blasco Luis Blasco on linkedin
    Cognition has raised $1B at a $26B valuation, with an ARR of $492M in just 2 years.  —  Our enterprise usage has grown >10x since the start of this year …
  • Omri Casspi Omri Casspi on linkedin
    Two and a half years ago (and before Cognition was incorporated) I had the pleasure of taking Scott Wu and Steven Hao to watch …