--- title: AI coding startup Cognition reportedly already in talks... description: Cognition, maker of the AI coding agent Devin, is reportedly in talks to raise a new funding round that could value the company at $40 billion, just three... canonical: https://daily.dev/posts/ai-coding-startup-cognition-reportedly-already-in-talks-to-raise-at-40b-valuation-cxpouh2yw twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: AI coding startup Cognition reportedly already in talks to raise at $40B valuation | daily.dev og:description: Cognition, maker of the AI coding agent Devin, is reportedly in talks to raise a new funding round that could value the company at $40 billion, just three... og:url: https://daily.dev/posts/ai-coding-startup-cognition-reportedly-already-in-talks-to-raise-at-40b-valuation-cxpouh2yw og:image: https://api.daily.dev/og/posts/CxpOuh2yW.png og:image:alt: AI coding startup Cognition reportedly already in talks to raise at $40B valuation og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # AI coding startup Cognition reportedly already in talks to raise at $40B valuation **[TechCrunch](https://daily.dev/sources/tc)** · 1 min read · 2 upvotes · 0 comments ## Summary Cognition, maker of the AI coding agent Devin, is reportedly in talks to raise a new funding round that could value the company at $40 billion, just three months after raising $1 billion at a $26 billion valuation. The new figure is reportedly tied to Cognition hitting a $1 billion annualized revenue run rate. In May, CEO Scott Wu said Devin had reached a $492 million annualized revenue run rate with enterprise usage growing 50% month-over-month, and that Devin is positioned to handle grunt work like legacy software upgrades and platform migrations rather than replace human programmers. Customers reportedly include Mercedes-Benz, NASA, and Goldman Sachs. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### What is Cognition's annualized revenue run rate for its Devin AI coding agent? Cognition reported a $492 million annualized revenue run rate as of its $1 billion funding round at a $26 billion valuation in May. Enterprise usage of Devin was growing roughly 50% month-over-month over the preceding six months. A new funding round in talks could value the company at $40 billion based on progress toward a $1 billion annualized revenue run rate. _Teams evaluating AI coding agents like Devin can track adoption and funding trends on daily.dev._ ### Which companies use Cognition's Devin AI coding agent? Cognition lists Mercedes-Benz, NASA, and Goldman Sachs among its enterprise customers for Devin. Founder Scott Wu has said Devin is typically assigned long-tail grunt work that programmers tend to dislike, such as modernizing old software or migrating applications between platforms, rather than replacing human developers outright. _Developers weighing AI agents for legacy modernization work can follow real-world adoption cases on daily.dev._ ## Similar posts on daily.dev - [AI coding startup Cognition raises $1B at $25B pre-money valuation](https://daily.dev/posts/ai-coding-startup-cognition-raises-1b-at-25b-pre-money-valuation-fktfezgji) · TechCrunch · 0 upvotes · 0 comments - [Cognition raises $1B at $26B valuation for AI coding agent](https://daily.dev/posts/cognition-raises-1b-at-26b-valuation-for-ai-coding-agent-sutswmzkz) · The Next Web · 0 upvotes · 0 comments --- Tags: [#ai-agents](https://daily.dev/tags/ai-agents), [#devin](https://daily.dev/tags/devin), [#startup](https://daily.dev/tags/startup), [#venture-capital](https://daily.dev/tags/venture-capital) [View this post on daily.dev](https://daily.dev/posts/ai-coding-startup-cognition-reportedly-already-in-talks-to-raise-at-40b-valuation-cxpouh2yw) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"AI coding startup Cognition reportedly already in talks to raise at $40B valuation","url":"https://daily.dev/posts/ai-coding-startup-cognition-reportedly-already-in-talks-to-raise-at-40b-valuation-cxpouh2yw","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/ai-coding-startup-cognition-reportedly-already-in-talks-to-raise-at-40b-valuation-cxpouh2yw"},"datePublished":"2026-08-12T18:20:56.497Z","dateModified":"2026-10-15T02:13:14.606Z","description":"Cognition, maker of the AI coding agent Devin, is reportedly in talks to raise a new funding round that could value the company at $40 billion, just three...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/9f458b3874da64cc899a6c2eea570aec?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/9f458b3874da64cc899a6c2eea570aec?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"TechCrunch","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"TechCrunch","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tc","url":"https://daily.dev/sources/tc"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/ai-coding-startup-cognition-reportedly-already-in-talks-to-raise-at-40b-valuation-cxpouh2yw","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":2},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"ai-agents,devin,startup,venture-capital","timeRequired":"PT1M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"TechCrunch","item":"https://daily.dev/sources/tc"},{"@type":"ListItem","position":3,"name":"AI coding startup Cognition reportedly already in talks to raise at $40B valuation"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/ai-coding-startup-cognition-reportedly-already-in-talks-to-raise-at-40b-valuation-cxpouh2yw#faq","mainEntity":[{"@type":"Question","name":"What is Cognition's annualized revenue run rate for its Devin AI coding agent?","acceptedAnswer":{"@type":"Answer","text":"Cognition reported a $492 million annualized revenue run rate as of its $1 billion funding round at a $26 billion valuation in May. 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