# Cognition's Devin coding agent attracts $40B valuation interest just 3 months after $26B round

> Cognition, the company behind the Devin coding agent, is reportedly already in early talks to raise money at a $40B valuation, barely three months after closing a round that valued it at $26B. If it lands, that is a $14B jump in a single quarter, the kind of markup that used to take startups years. What is fueling the number is revenue that is climbing almost as fast as the valuation. The company is said to have reached a $1B annualized revenue run rate, up from roughly $492M disclosed only three months earlier, with enterprise usage reportedly growing around 50% month over month and a customer list that includes Mercedes-Benz, NASA, and Goldman Sachs. The story doubles as a temperature check on the whole AI coding market. Investors are betting that autonomous agents which write and ship software are becoming core infrastructure rather than a novelty, and they are willing to pay dizzying prices to own a piece before the music slows. Whether $1B in run-rate justifies $40B is the question the next round will actually test.

_Section: [Daily AI Updates](https://www.wortins.com/daily-ai) · Source: TechCrunch · Published Thursday, August 13, 2026_

## Wortins' read

Cognition, the company behind the Devin coding agent, is reportedly already in early talks to raise money at a $40B valuation, barely three months after closing a round that valued it at $26B. If it lands, that is a $14B jump in a single quarter, the kind of markup that used to take startups years. What is fueling the number is revenue that is climbing almost as fast as the valuation. The company is said to have reached a $1B annualized revenue run rate, up from roughly $492M disclosed only three months earlier, with enterprise usage reportedly growing around 50% month over month and a customer list that includes Mercedes-Benz, NASA, and Goldman Sachs. The story doubles as a temperature check on the whole AI coding market. Investors are betting that autonomous agents which write and ship software are becoming core infrastructure rather than a novelty, and they are willing to pay dizzying prices to own a piece before the music slows. Whether $1B in run-rate justifies $40B is the question the next round will actually test.

## Source

[Read the full story at TechCrunch](https://techcrunch.com/2026/08/12/ai-coding-startup-cognition-reportedly-already-in-talks-to-raise-at-40b-valuation/)

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