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AI SHIFT:
Cognition AI’s USD 26 Billion Valuation Tests the Enterprise Case for Coding Agents
Cognition AI reportedly raised more than USD 1 billion at a USD 26 billion post-money valuation led by Lux Capital, General Catalyst and 8VC.
The Devin maker points to rapid enterprise usage and revenue run-rate growth, but earlier tests showed reliability concerns for autonomous coding agents.
Its Windsurf asset acquisition adds an IDE channel as competition rises from Cursor, OpenAI, Google and Anthropic.
