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Cognition AI secures $1B in a Series D round, raising its valuation to $26B, led by Lux Capital, General Catalyst, and 8VC, to further enhance its autonomous AI coding agent, Devin.
PRIVATEMay 29, 2026•2 months ago
Amount Raised
$1 Billion
Round Type
Series D
San FranciscoSoftwareArtificial IntelligenceMachine LearningNatural Language Processinginformation technology & servicesInvestors
Ribbit CapitalElad GilFounders Fund8VCGeneral CatalystLux Capital
Description
Cognition AI just closed a Series D round north of $1 billion, pushing its post-money valuation to $26 billion. This significant increase reflects how the company has more than doubled its valuation in under a year. The Series D was led by Lux Capital, General Catalyst, and 8VC, with participation from previous backers. Cognition’s innovations have transformed its annualized recurring revenue from $37 million to $492 million.
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Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers