Cognition, maker of the Devin autonomous AI software engineer, is in discussions for a new financing round at a reported valuation of approximately $25 billion, according to Bloomberg and SiliconANGLE reporting from April 2026. The figure would represent roughly a 2.5x increase from the $10.2 billion valuation set in its September 2025 raise of $400 million.
Devin’s annualized revenue grew from under $1 million in September 2024 to $73 million by June 2025. Cognition also acquired Windsurf, a coding assistant platform, in a deal reported ahead of the September round.
No terms have been finalized. Founders Fund led the September 2025 round.
Source: SiliconANGLE / Bloomberg · Tech Funding News