{"id":14958,"date":"2026-04-24T02:47:12","date_gmt":"2026-04-24T02:47:12","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/14958\/"},"modified":"2026-04-24T02:47:12","modified_gmt":"2026-04-24T02:47:12","slug":"cognition-creator-of-the-ai-software-engineer-devin-in-talks-to-raise-hundreds-of-millions-at-25b-valuation","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/14958\/","title":{"rendered":"Cognition, creator of the AI software engineer Devin, in talks to raise ‘hundreds of millions’ at $25B valuation"},"content":{"rendered":"

Artificial intelligence coding assistant startup Cognition AI Inc.<\/a> is engaged in discussions with investors over another massive funding round that would more than double its valuation to $25 billion, Bloomberg reported today.<\/p>\n

The report<\/a> cites \u201cpeople familiar with the matter\u201d as saying that Cognition is trying to tap into the growing momentum around AI-generated code that\u2019s primarily driven by competitors such as Anthropic PBC and OpenAI Group PBC. Bloomberg did not offer an exact number for the proposed round, but said Cognition is looking to raise \u201chundreds of millions of dollars or more.\u201d No investors were named, and the discussions are still ongoing, meaning that the terms of any deal could still change.<\/p>\n

Cognition is best known for its AI programming assistant Devin, which burst onto the scene<\/a> in a big way in March 2024, helping to accelerate the \u201cvibe coding\u201d trend. At the time, the startup claimed Devin was the world\u2019s first \u201cfully autonomous AI software engineer,\u201d rather than a simple coding tool. It\u2019s designed to plan and execute complex engineering tasks by automating the code creation, debugging and even the deployment process.<\/p>\n

Before Devin carries out any task specified by its users, it will generate a step-by-step blueprint that lays out exactly what it will do to perform the work requested. It also offers a \u201cconfidence score\u201d to let users know how likely it is that the code will actually be usable once it\u2019s generated. Developers can use these insights to decide if it\u2019s worthwhile going ahead with the plan.<\/p>\n

Cognition says Devin also takes comprehensive steps to minimize the number of bugs that creep into its AI-generated code, and then carefully scans its work afterwards to see if anything slipped through the cracks. It runs multiple tests on all of the code it creates, checking for different kinds of bugs and vulnerabilities.<\/p>\n

Individual developers can access the standard version of Devin, while large organizations can pay extra to use an enhanced, enterprise-grade version<\/a> of the autonomous software engineer. This subscription-based offering enables companies to create customized versions of Devin by feeding it with their own data, so it can automate more specialized software engineering tasks. The enterprise version also has additional security features and an audit log. Its customers include technology giants like Dell Technologies Inc., Cisco Systems Inc. and many others.<\/p>\n

Cognition last raised money in September,, when it closed on a $400 million funding round<\/a> led by Founders Fund with backing from Lux Capital, 8VC, Elad Gil, Definition Capital and Swish Ventures. That round increased its valuation to $10.2 billion, up from $4 billion in March 2025.<\/p>\n

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