Cognition Raises More Than $2 Billion at $48 Billion Valuation

Sep 9, 2026
The Series E nearly doubles Cognition's valuation from May as its annualized run rate revenue approaches $900 million.
Cognition Raises More Than $2 Billion at $48 Billion Valuation

Cognition raised more than $2 billion at a $48 billion valuation, concluding funding talks reported in August, according to SiliconANGLE.

Andreessen Horowitz (a16z) and Accel led the Series E round. Founders Fund, General Catalyst and Avenir also participated. The valuation is up from $26 billion in May, while Cognition's annualized run rate revenue increased from $492 million to nearly $900 million.

Cognition develops Devin, an AI agent that plans software tasks, writes and tests code, debugs problems and deploys changes. The company also owns the Windsurf coding editor, which it acquired in July 2025.

We hope you enjoyed this article

Consider subscribing to one of our newsletters like AI Funding Brief or Daily AI Brief.

Also, consider following us on social media:

AI Funding News AI Brief AI Brief (X)
Free newsletter

AI Programming Weekly

Weekly news about AI tools for software engineers, AI enabled IDE's and much more.

AI Token Webinar

Market report

2025 Generative AI in Professional Services Report

Thomson Reuters

This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.

Read more

You may also like

Free, six days a week

Daily AI Brief: the AI news that matters, in your inbox.