Sep. 9 at 2:28 AM
Cognition AI raised
$2 billion in a Series E funding round that values the AI coding startup at
$48 billion, underscoring strong investor demand for software-development agents. The round was led by new investors Andreessen Horowitz and Accel, alongside existing backers including Founders Fund, General Catalyst and Avenir, with participation from numerous other investors and NVIDIA.
Cognition’s annualized revenue has surged from
$492 million to nearly
$900 million since its previous funding round in May. Its flagship Devin platform is used by companies across industries, including NVIDIA for chip design, GE Aerospace, Citi, Mercedes-Benz and AI infrastructure provider Modal.
Founded in 2024, Cognition develops AI agents designed to automate software-engineering tasks. Devin offers tools such as Auto-Triage for incident investigation, Security Swarm for vulnerability detection and Automations, which can trigger tasks through Slack, GitHub, Linear and other systems.
$GE $NVDA $C