Cognition Raises $2B Series E at $48B Valuation

Cognition, an independent agent lab headquartered in San Francisco, has secured over $2B in Series E funding at a $48B valuation. Founded in 2024, the company specializes in AI software engineering, specifically through its Devin agent platform that assists engineering teams in autonomous development and software maintenance.

Investors

The funding round was led by Andreessen Horowitz and Accel. Participating investors included Founders Fund, General Catalyst, Avenir, Benchmark, Bessemer, Kleiner Perkins, Greylock, Lightspeed, Altimeter, Bond Capital, Meritech, Atreides, Valor, T. Rowe Price, Lux, 8VC, D1, 137 Ventures, DST, Positive Sum, HOF, Soma, BoxGroup, Battery, Ribbit, Swish, Stripes, Definition, Hanabi, Journey, Bain Capital Ventures, Layer Global, A* Capital, Alpha Wave, Alkeon, and Diffusion.

Cognition Use of Funds

Cognition plans to use the new capital to further scale its AI agent platform, expand its global presence, and continue advancing the capabilities of its Devin software agent to increase engineering capacity for its enterprise customers.

About Cognition

Founded in 2024, Cognition is building the future of software engineering by enabling engineers to operate as architects while delegating execution to swarms of agents. The company develops the Devin AI agent, which is used by major organizations to manage incident investigation, security vulnerability triage, and automated software development workflows.

Funding Details

Company Website: https://cognition.ai

Company: Cognition
Raised: $2B
Round: Series E
Funding Date: September 2026
Lead Investor: Andreessen Horowitz, Accel
Additional Investors: Founders Fund, General Catalyst, Avenir, Benchmark, Bessemer, Kleiner Perkins, Greylock, Lightspeed, Altimeter, Bond Capital, Meritech, Atreides, Valor, T. Rowe Price, Lux, 8VC, D1, 137 Ventures, DST, Positive Sum, HOF, Soma, BoxGroup, Battery, Ribbit, Swish, Stripes, Definition, Hanabi, Journey, Bain Capital Ventures, Layer Global, A* Capital, Alpha Wave, Alkeon, Diffusion
Software Category: Artificial Intelligence
Source: https://cognition.com/blog/series-e