Artificial intelligence company Cognition (website: cognition.ai) recently announced the completion of a $1 billion late-stage funding round, valuing the company at $26 billion post-money. This brings its total funding to over $2.5 billion, solidifying its position as the world’s leading AI programming company.
Founded in 2023 by three Chinese-American IOI gold medalists, Cognition’s core product is Devin, the world’s first autonomous AI software engineer capable of independently completing the entire code development process, significantly improving R&D efficiency. Following the acquisition of the remaining assets of AI programming company Windsurf in 2025, its enterprise customer base and revenue have grown significantly, with annualized revenue per unit (ARR) reaching $73 million.
This funding round was co-led by Lux Capital, General Catalyst, and 8VC, with participation from Founders Fund and other well-known institutions. The funds will be used for Devin model iteration, product upgrades, and M&A integration, accelerating expansion into the enterprise market.
From a Series A valuation of $350 million in 2024 to $10.2 billion in September 2025, and now to $26 billion, Cognition has continuously broken valuation records in the AI programming field and led the intelligent transformation of software engineering through technological breakthroughs and commercialization.
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