Cognition in Talks for Funding at $40 Billion Valuation

August 12, 2026
Cognition is in early talks with investors for a new funding round that could value the AI coding startup at at least $40 billion. Its annualized revenue run rate is approaching $1 billion.
Cognition in Talks for Funding at $40 Billion Valuation

Cognition is in early talks with investors for a new funding round at a valuation of at least $40 billion, less than three months after raising $1 billion at a $25 billion pre money valuation, reports Bloomberg.

The round could raise more than $1 billion. The talks are early, and Cognition may still decide not to raise capital or may seek different terms.

Cognition sells Devin, an AI agent that helps automate engineering tasks. The company was founded in 2023 and is backed by investors including General Catalyst and Founders Fund.

The companys annualized revenue run rate is approaching $1 billion, about double the figure from its previous financing.

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