Cognition

Autonomous software engineering agents for enterprise and individual customers. Its main product, Devin, is an AI coding agent that carries out software development tasks.

Artificial intelligenceAI software engineering agentsSan Francisco, United States
FoundersSince 2023
Valuation
$48B
Total raised
$3.6B
Last round · Sep 2026
Series E
Founded
2023
Employees
350
Quarters in VP50
3

Valuation

$100M$1B$10B20252026$48B
Cognition priced rounds
RoundDatePost-money valuationRaisedLed by
Series AMar 12, 2024$350M$21MFounders Fund
Funding roundApr 24, 2024$2.0B$175MFounders Fund
Funding roundSep 8, 2025$10B$400MFounders Fund
Series DMay 27, 2026$26B$1.0B8VC, General Catalyst, and Lux Capital
Series ESep 8, 2026$48B$2.0BAccel and Andreessen Horowitz
Post-money valuation at each priced round. Log scale.Hover a point for the round

Updated

In VP50

  1. Q4 2023: no place
  2. Q1 2024: no place
  3. Q2 2024: no place
  4. Q3 2024: no place
  5. Q4 2024: no place
  6. Q1 2025: no place
  7. Q2 2025: no place
  8. Q3 2025: #44
  9. Q4 2025: no place
  10. Q1 2026: no place
  11. Q2 2026: #40
  12. Q3 2026: #40
  13. Q4 2026: no place

Place by quarter since Q4 2023. Best place #40, held for two quarters in a row.

Funding rounds

DateRound · leadRaisedValuation
Sep 8, 2026Series E · Accel, Andreessen Horowitz$2.0B$48B
May 27, 2026Series D · 8VC, General Catalyst, Lux Capital$1.0B$26B
Sep 8, 2025Funding round · Founders Fund$400M$10B
Mar 18, 2025Funding round · 8VC, Lux Capital——
Apr 24, 2024Funding round · Founders Fund$175M$2.0B
Mar 12, 2024Series A · Founders Fund$21M$350M

Team

Cognition | Venture Place