Cognition, creator of Devin, raises $1 billion at a $26 billion valuation with $492 million run-rate
Weekly Devin sessions spiked at Citi and Mercedes-Benz
#207Karina@KARINANGUYENexcited for cognition to become the frontier ai agents lab
Cognition@cognition1/ 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 then, cloud agents have gone from niche to mainstream, and today they are the fastest growing way to create software.
#207Karina@KARINANGUYENexcited for cognition to become the frontier ai lab
Cognition@cognition1/ 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 then, cloud agents have gone from niche to mainstream, and today they are the fastest growing way to create software.
cognition is now the largest independent agent lab in the world. take the 200% utilization that everyone is hitting from this chart and run out the sales growth from this, i encourage you to go thru the exercise if you are new to investing
a lot of you have read my cog initation post, but when i talk to people they do not sufficiently appreciate that this is the perfect storm of all the trends:
- first* koding agent - first* cloud dev infra - s-tier GTM - most IOI golds - somehow also cracked at Smash Bros and Poker
agent lab gets you: - long model diversity - long reasoning/toolcalling models - long harnesses - long domain specific RLFT - long coding data/expertise/evals - long full agentic SDLC - chief partner to CIOs in combating tokenmaxxing slop from humans and from agents
and this is why you can see this is Peter Thiel's biggest AI bet
*i dont like "first" as an adjective, but "first + 2 years of serious scaling" really serves as a shorthand for "most enterprise battle tested" - see customer list in screenshot - literally 10s of thousands of devs, 10s of thousands of repos, PER CUSTOMER is the kind of weight I put on the simple word "first"
Cognition@cognition1/ 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 then, cloud agents have gone from niche to mainstream, and today they are the fastest growing way to create software.
cognition is now the largest independent agent lab in the world. take the 200% utilization that everyone is hitting from this chart and run out the sales growth from this, i encourage you to go thru the exercise if you are new to investing
a lot of you have read my cog initation post, but when i talk to people they do not sufficiently appreciate that this is the perfect storm of all the trends:
- first* koding agent - first* cloud dev infra - best reviewed code review/security guy - first* llm wiki knowledge base - s-tier GTM - most IOI golds - somehow also cracked at Smash Bros and Poker
agent lab gets you: - long model diversity - long reasoning/toolcalling models - long harnesses - long domain specific RLFT - long coding data/expertise/evals - long full agentic SDLC - chief partner to CIOs in combating tokenmaxxing slop from humans and from agents - SOTA foodbench from house chefs
and this is why you can see this is Peter Thiel's biggest AI bet
*i dont like "first" as an adjective, but "first + 2 years of serious scaling" really serves as a shorthand for "most enterprise battle tested" - see customer list in screenshot - literally 10s of thousands of devs, 10s of thousands of repos, PER CUSTOMER is the kind of weight I put on the simple word "first"
Cognition@cognition1/ 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 then, cloud agents have gone from niche to mainstream, and today they are the fastest growing way to create software.
oh yeah first* automations - instead of dumb crons kicking of agents, devin has made them smart. try it - it is the first non annoying proactive agent impl ive seen
Russell Kaplan@russelljkaplanBig milestone today. But still very early for self-driving software. When I was working on Autopilot at Tesla, we had an internal infra project called "Operation Vacation" - the goal being that the entire Autopilot engineering team could take a vacation and come back to a better self-driving stack as long as the data kept flowing and the models kept training. We'll soon see the same idea come to life for entire software products, managed and improved by fleets of Devins. Last year, our usage graph had a big dip during the holidays. A goal on our engineering team is that the same time this year has no dip, because the Devins are proactive and working by default. Automations are live in the product already - give it a try!
i first wrote down the agent labs thesis last year
#597Patrick Hsu@PDHSUScott, Walden, Steven, Russell, and the Cognition team were among the first to truly grasp the idea of self-driving software with AI agents. Obvious today but controversial then!
Still love that I invested off of Scott's mathlete video :) Lesson - take more videos of your kids!
Cognition@cognition1/ 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 then, cloud agents have gone from niche to mainstream, and today they are the fastest growing way to create software.
#629Russell Kaplan@RUSSELLJKAPLANBig milestone today. But still very early for self-driving software.
When I was working on Autopilot at Tesla, we had an internal infra project called "Operation Vacation" - the goal being that the entire Autopilot engineering team could take a vacation and come back to a better self-driving stack as long as the data kept flowing and the models kept training.
We'll soon see the same idea come to life for entire software products, managed and improved by fleets of Devins.
Last year, our usage graph had a big dip during the holidays. A goal on our engineering team is that the same time this year has no dip, because the Devins are proactive and working by default. Automations are live in the product already - give it a try!
Cognition@cognition1/ 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 then, cloud agents have gone from niche to mainstream, and today they are the fastest growing way to create software.
@wolfejosh @cognition thank you for the kind words and for believing in us early!
Josh Wolfe@wolfejoshOne of the most brilliant teams Lux has continued to invest more to fuel them in every round possible! Thank you @ScottWu46 for your talent magnetism as a founder leader and for the bar of brilliance and momentum you’ve set for @cognition !
#704Scott Wu@SCOTTWU46Grateful for our customers, investors, partners, and most of all for our incredible team. Hard to believe it's only been two years.
Still a long way to go to build the future of software engineering - we are hard at work every day on making Devin even better! If you haven’t tried it in a bit, check it out and let us know what you think: http://devin.ai
Cognition@cognition1/ 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 then, cloud agents have gone from niche to mainstream, and today they are the fastest growing way to create software.
#988Andrew White 🐦⬛@ANDREWWHITE01Be brave. Let's see that y-axis label
Another great win for agentic coding.
Cognition AI just raised over $1B at a $26B pre-money valuation.
Revenue reportedly climbed from $37M in annualized run-rate to $492M, while customers like Goldman Sachs and Mercedes-Benz suggest Devin is moving from demo rooms into production workflows.
Cognition's progress is driven by its flagship product, Devin, which aims to function as an autonomous junior engineer, going beyond typical coding assistants. Devin can plan, test, and deploy code through multi-step workflows in secure environments.
Cognition combines its own models with OpenAI and Anthropic rather than relying on one model.
Cognition is basically pitching Devin as a model-agnostic agent layer: the LLM does the reasoning and code generation, while Devin supplies the engineering workspace, repo context, terminal access, file edits, tests, and model choice around it.
Last July, Cognition agreed to buy the remains of coding startup Windsurf after Google struck a $2.4 billion deal for Windsurf’s top talent and licensing rights.
#1032Rohan Paul@ROHANPAUL_AI"There's about 30-35mn software engineers in the world today. We wanna make all of them 10 times more efficient, and then we think there is a lot more than 10 times more software to build."
~ Cognition CEO Scott Wu Talking about their $1 Bn fund raise today.
Their revenue climbed from $37M to ~$500M in 1 Year.
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From "Bloomberg Technology" YouTube channel, (link in comment)
Rohan Paul@rohanpaul_aiAnother great win for agentic coding. Cognition AI just raised over $1B at a $26B pre-money valuation. Revenue reportedly climbed from $37M in annualized run-rate to $492M, while customers like Goldman Sachs and Mercedes-Benz suggest Devin is moving from demo rooms into production workflows. Cognition's progress is driven by its flagship product, Devin, which aims to function as an autonomous junior engineer, going beyond typical coding assistants. Devin can plan, test, and deploy code through multi-step workflows in secure environments. Cognition combines its own models with OpenAI and Anthropic rather than relying on one model. Cognition is basically pitching Devin as a model-agnostic agent layer: the LLM does the reasoning and code generation, while Devin supplies the engineering workspace, repo context, terminal access, file edits, tests, and model choice around it. Last July, Cognition agreed to buy the remains of coding startup Windsurf after Google struck a $2.4 billion deal for Windsurf’s top talent and licensing rights.
Rohan Paul@rohanpaul_ai"There's about 30-35mn software engineers in the world today. We wanna make all of them 10 times more efficient, and then we think there is a lot more than 10 times more software to build." ~ Cognition CEO Scott Wu Talking about their $1 Bn fund raise today. Their revenue climbed from $37M to ~$500M in 1 Year. ---- From "Bloomberg Technology" YouTube channel, (link in comment)
#1252Yash Patil@YPATIL125Huge congrats to the team! Relentless execution and focus ftw
Cognition@cognition1/ 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 then, cloud agents have gone from niche to mainstream, and today they are the fastest growing way to create software.
#1539Josh Wolfe@WOLFEJOSHOne of the most brilliant teams Lux has continued to invest more to fuel them in every round possible!
Thank you @ScottWu46 for your talent magnetism as a founder leader and for the bar of brilliance and momentum you’ve set for @cognition !
Cognition@cognition1/ 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 then, cloud agents have gone from niche to mainstream, and today they are the fastest growing way to create software.
#1557Vipul Ved Prakash@VIPULVEDJust a few years ago, before anyone was talking about AI's impact on software engineering, @ScottWu46 came by to show an early demo of Devin. It's incredible how everything has turned out in almost exactly the way Scott saw it in 2023. Congratulations to @cognition!
Cognition@cognition1/ 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 then, cloud agents have gone from niche to mainstream, and today they are the fastest growing way to create software.
#1862Patrick OShaughnessy@PATRICK_OSHAG.@ScottWu46 and team saw where the puck was and is going, and built for the right future.
Some of my favorite meetings in the past two years have been sitting with Scott, Russell and others at Cognition to hear about the future.
Crazy recent growth. Congrats to them all!
Cognition@cognition1/ 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 then, cloud agents have gone from niche to mainstream, and today they are the fastest growing way to create software.
#1906Walden@WALDEN_YANIt’s crazy riding this exponential. And somehow it’s only accelerating faster. It’s the age of cloud agents, and if you haven’t tried Devin in a while, it’s gotten a lot better.
Oh and we raised $1B to keep making Devin better!
#1924andrew gao@ITSANDREWGAOwoohoo
Cognition@cognition1/ 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 then, cloud agents have gone from niche to mainstream, and today they are the fastest growing way to create software.
#1941ben hylak@BENHYLAKi am very bullish on cognition
Cognition@cognition1/ 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 then, cloud agents have gone from niche to mainstream, and today they are the fastest growing way to create software.
