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AI Coding Startup Cognition Reportedly Seeks $40 Billion Valuation in New Mega-Round

The startup behind the autonomous coding agent Devin has closed a $2 billion funding round, doubling its valuation as competition in the generative software market accelerates.

Factlen Newsroom· Updated

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Cognition AI has secured $2 billion in Series E funding, doubling its valuation to $48 billion.From: Cognition AI Secures $2 Billion Series E to Reach $48 Billion Valuation

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Cognition AI's valuation has doubled to $48 billion following its latest funding round.From: Cognition AI Secures $2 Billion Series E to Reach $48 Billion Valuation ·
Cognition AI's revenue run rate has roughly doubled alongside its soaring private market valuation.From: AI Coding Startup Cognition Reportedly Seeks $40 Billion Valuation in New Mega-Round ·
The $2 billion capital injection will fund the expansion of autonomous coding agents for enterprise software teams.From: Cognition AI Secures $2 Billion Series E to Reach $48 Billion Valuation ·
Major enterprises and financial institutions are deploying autonomous coding agents to modernize legacy infrastructure.From: AI Coding Startup Cognition Reportedly Seeks $40 Billion Valuation in New Mega-Round ·

Timeline

September 2026

  1. Cognition AI Secures $2 Billion Series E to Reach $48 Billion Valuation

August 2026

  1. AI Coding Startup Cognition Reportedly Seeks $40 Billion Valuation in New Mega-Round