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Cognition AI Raises Over $1 Billion in Series C Funding, Valuation Doubles to $26 Billion

GateNews

AI Industry News

2026-05-27 15:25:19

According to Bloomberg, AI coding startup Cognition AI raised over $1 billion on May 27, bringing its valuation to $26 billion, double its September 2025 valuation. The funding was led by Lux Capital, General Catalyst, and 8VC.

The company's annual recurring revenue grew to $492 million from $37 million a year ago. Cognition, founded in 2023, offers Devin, an automated coding agent used by clients including Goldman Sachs and Mercedes-Benz.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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