# Cognition Raises 2 Billion Dollar Series E at 48 Billion Dollar Valuation for AI Software Engineer

> Cognition, the startup behind the autonomous coding agent Devin, has raised a 2 billion dollar Series E at a 48 billion dollar valuation, led by Andreessen Horowitz and Accel. That nearly doubles the 26 billion dollar valuation from its May round, an unusually fast markup even by current AI standards. The numbers behind it are striking. Run-rate revenue reportedly climbed from 492 million dollars in May to close to 900 million in September, about 83 percent growth in four months. The investor list runs deep, including Founders Fund, General Catalyst, T. Rowe Price, and Nvidia, and Cognition says Devin is now used inside engineering teams at Nvidia, Goldman Sachs, Citi, and Mercedes-Benz. The raise is a bet that coding agents are graduating from demos to dependable teammates, with Cognition claiming large shares of customer code are now Devin-generated. New features like Auto-Triage and a Security Swarm push toward a future where software work is increasingly delegated to agents, with humans supervising rather than typing every line.

_Section: [AI Funding Tracker](https://www.wortins.com/funding) · Source: SiliconANGLE · Published Wednesday, September 9, 2026_

## Wortins' read

Cognition, the startup behind the autonomous coding agent Devin, has raised a 2 billion dollar Series E at a 48 billion dollar valuation, led by Andreessen Horowitz and Accel. That nearly doubles the 26 billion dollar valuation from its May round, an unusually fast markup even by current AI standards. The numbers behind it are striking. Run-rate revenue reportedly climbed from 492 million dollars in May to close to 900 million in September, about 83 percent growth in four months. The investor list runs deep, including Founders Fund, General Catalyst, T. Rowe Price, and Nvidia, and Cognition says Devin is now used inside engineering teams at Nvidia, Goldman Sachs, Citi, and Mercedes-Benz. The raise is a bet that coding agents are graduating from demos to dependable teammates, with Cognition claiming large shares of customer code are now Devin-generated. New features like Auto-Triage and a Security Swarm push toward a future where software work is increasingly delegated to agents, with humans supervising rather than typing every line.

## Source

[Read the full story at SiliconANGLE](https://siliconangle.com/2026/09/08/ai-coding-startup-cognition-raises-2b-at-48b-valuation-as-revenue-nears-900m/)

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