Cognition
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Investors
Founders
About
Cognition is a San Francisco-based AI coding company founded in 2023 by CEO Scott Wu, Steven Hao, and Walden Yan — all gold medalists at the International Olympiad in Informatics — and is the maker of Devin, the autonomous AI software engineer first demoed in March 2024 123. The company reports $492M in annualized revenue run-rate and enterprise usage of Devin growing 50% month-over-month for six months; named customers include Mercedes-Benz, NASA, Goldman Sachs, and Santander 12. The $1B+ round announced May 27, 2026 was co-led by Lux Capital, General Catalyst, and 8VC at a $25B pre-money / $26B post-money valuation with participation from Elad Gil, Soma Capital, Omri Casspi, Founders Fund, Ribbit Capital, Atreides, and Layer Global; the round more than doubles the $10.2B valuation from Cognition’s $400M September 2025 round 123.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-05-27 | Growth | $1B+ (at $26B post-money) | Lux Capital, General Catalyst, 8VC | Elad Gil, Soma Capital, Omri Casspi, Founders Fund, Ribbit Capital, Atreides, Layer Global 123 |
| 2025-09 | Growth | $400M (at $10.2B post-money) | — | — 1 |
What Investors Say
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What Founders Say
No independently sourced founder quotes found at this time.
Sources
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TechCrunch, “AI coding startup Cognition raises $1B at $25B pre-money valuation,” May 27, 2026. Accessed May 2026. https://techcrunch.com/2026/05/27/ai-coding-startup-cognition-raises-1b-at-25b-pre-money-valuation/↩↩↩↩↩
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Cognition AI, “Cognition AI,” Wikipedia, accessed May 2026. https://en.wikipedia.org/wiki/Cognition_AI↩↩↩↩
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Contrary Research, “Report: Cognition Business Breakdown & Founding Story,” accessed May 2026. https://research.contrary.com/company/cognition↩↩↩