Cognition, the startup behind the Devin autonomous coding assistant, raised $1 billion in new funding at a $26 billion valuation.
Devin is marketed as an AI agent capable of handling software engineering tasks with minimal human direction. The funding round underscores investor appetite for tools that automate code generation, debugging, and deployment workflows.
The $26 billion valuation places Cognition among the most highly valued private companies in the developer-tools segment. Competitors including GitHub Copilot and enterprise coding platforms face intensified rivalry as autonomous agents mature.
Proceeds are expected to fuel model training, talent acquisition, and enterprise sales expansion. The deal adds to a year of mega-rounds for artificial intelligence startups targeting professional software markets.
Created by Ayen Stabel.
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Sources:
https://www.buildfastwithai.com/blogs/ai-news-today-june-1-2026