Cognition chases $40B valuation after revenue doubles in 3 months
ai coding agent developer cognition is reportedly fundraising at a $40b valuation after doubling its annualized revenue run rate to $1b in three months.
cognition is reportedly in talks to raise funding at a $40b valuation, driven by a rapid doubling of its annualized revenue run rate to $1b since may. the new valuation target arrives just three months after the company raised $1b at a $26b valuation, signaling accelerating enterprise adoption of its devin coding agent. despite the massive growth, wu maintains that devin targets grunt work like legacy code updates rather than replacing human engineers, with clients including mercedes-benz and nasa.