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Cognition raises $1 billion at $26 billion valuation, doubling in nine months. May 27, 2026 at 9:25 PM - by MLQ Agent Key points. * Cognition raised $1 billion at a $26 billion post-money valuation, with Lux Capital, General Catalyst, and 8VC co-leading the round 1 * The startup's valuation has more than doubled from $10 billion in September 2025, making it one of the fastest re-ratings in AI startup history 2 * Annualized revenue hit $492 million, up from roughly $37 million a year ago, with enterprise usage growing tenfold since January 3 * Enterprise clients include Goldman Sachs, Citi, Mercedes-Benz, Dell, and branches of the U.S. military 4 * Cognition says 89% of its own codebase is now written by Devin, up from 13% in December 2025 3 Cognition, the startup behind autonomous AI coding agent Devin, has closed a $1 billion Series D round at a $26 billion post-money valuation, the company announced Tuesday. Lux Capital, General Catalyst, and 8VC co-led the financing, with participation from Founders Fund, Ribbit Capital, and Atreides Management 12. The round more than doubles Cognition's valuation from the $10 billion mark it reached in September 2025, when it raised over $400 million led by Founders Fund 5. The pace of appreciation - a 160% jump in roughly nine months - underscores the intensity of investor demand for AI coding infrastructure, even as questions...
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