Cognition AI, the developer of the autonomous coding agent Devin, is in early talks with investors for a new funding round that could value the company at $40 billion. This would mark a more than 50% increase from its previous $26 billion valuation in May 2026, when it raised $1 billion.
The potential funding round comes as Cognition’s annualized revenue run rate approaches $1 billion, nearly double the figure disclosed during its last funding round. Investors are eager to secure stakes in one of the fastest-growing AI coding startups, amid surging demand for AI-powered software development tools.
Cognition gained prominence with Devin, an AI software engineer capable of handling complex coding tasks. In July 2025, the company acquired Windsurf, another AI coding startup, strengthening its product portfolio and technical capabilities.
The startup is backed by prominent investors including Peter Thiel’s Founders Fund, Lux Capital, 8VC, and Bain Capital Ventures. Cognition’s rapid valuation growth reflects broader investor enthusiasm for AI-driven coding and automation solutions.
If the $40 billion valuation is achieved, Cognition will join the ranks of the most valuable AI startups globally, alongside companies like Anthropic and OpenAI.
FAQs [Frequently Asked Questions]
Q1: What is Cognition AI’s proposed valuation in the new funding round?
A: Cognition AI is in talks for a new funding round that could value the company at $40 billion, up from $26 billion in May 2026.
Q2: What product is Cognition AI known for?
A: Cognition AI is best known for Devin, an autonomous AI software engineer that can handle complex coding and development tasks.
Q3: Who are the major investors in Cognition AI?
A: Major investors include Peter Thiel’s Founders Fund, Lux Capital, 8VC, and Bain Capital Ventures, with the latest round led by Founders Fund.