US software company Cognition AI has raised $2bn in a Series E funding round, bringing its valuation to $48bn.
The funding was led by Andreessen Horowitz and Accel, both new investors in the company. Other participants in the round included existing investors General Catalyst, Founders Fund, and Avenir.
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The investment attracted a wide range of investors, with Benchmark, Kleiner Perkins, Bessemer, Greylock, Altimeter, Lightspeed, Bond Capital, Atreides, Meritech, Valor, Lux, T. Rowe Price, 8VC, DST, D1, and Battery among those taking part.
Since its previous funding round in May, Cognition AI said that its run-rate revenue increased from $492m to nearly $900m. The company attributes this growth to increased adoption of its AI tool, Devin, among a variety of large corporate customers.
Identified clients span several sectors, including chip design with Nvidia, financial services at Citi, aviation with GE Aerospace, automotive with Mercedes-Benz, and AI infrastructure at Modal.
Cognition AI describes its agentic AI tool Devin as software that allows engineering teams to automate processes such as incident investigation and security vulnerability triage.
The tool can also integrate with platforms including GitHub, Slack, and Linear to trigger workflow automations.
Established in 2024, Cognition AI’s approach is to enable engineers to focus on planning while delegating execution to automated agents, with the aim of increasing the ability to produce software and tackle complex tasks.
The company has expanded its presence internationally, opening offices in cities including Washington, D.C., Tokyo, London, Singapore, São Paulo, and Madrid, in addition to locations in San Francisco, New York, and Austin.
Cognition AI positions itself as an independent agent lab, allowing it to choose and combine models suited to specific tasks.
In July 2025, Cognition AI acquired Windsurf, a California-based company specialising in AI code generation, for an undisclosed sum. The deal included Windsurf’s intellectual property, products, brand, and overall business operations, as well as its engineering, product, and go-to-market teams.
