#Devin

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.