Cognition $1B+ at $26B
Cognition raises over $1B at a $26B valuation led by Lux, General Catalyst and 8VC; run-rate revenue $492M, up from $37M a year earlier.
Valuation 2.5x in nine months on 13x ARR growth. Cognition says 89% of code its engineers commit is committed by Devin and enterprise usage rose 10x since early 2026.
- Date
- Wednesday, 27 May 2026
- Lab
- Cognition
- Kind
- product
- Access
- app only
Figures
| Measure | Value | Measured by |
|---|---|---|
| Run-rate revenue | $492M May 2026; $37M in May 2025 per TNW | company |
The company calls this its 'Series D' post; the dedicated Series E followed in 2026-09.
Sources
- cognition.com/blog/series-d
- thenextweb.com/news/cognition-just-raised-1-billion-at-a-26-billion-valuation-and-90-of-it
This record was checked against its sources on 6 October 2026. How we check