Cognition raises $1B to scale Devin autonomous AI engineer

Cognition, maker of the Devin autonomous AI software engineer, raised over $1 billion at a $25 billion pre-money valuation in a new funding round announced on May 27, 2026. Lux Capital and General Catalyst led the round with participation from Founders Fund, 8VC, Ribbit Capital, Atreides, Layer Global and others.