Cognition, an independent AI agent lab, has achieved an impressive ARR of $492 million, driven by more than 10x growth in enterprise usage since early 2023.

The company raised over $1 billion at a $26 billion valuation, led by prominent investors Lux Capital, General Catalyst, and 8VC.

The rise of its flagship AI software engineer 'Devin'—responsible for 89% of PRs written—has dramatically accelerated its product roadmap.

Cognition’s client base includes major organizations such as Citi, Mercedes-Benz, Goldman Sachs, Elevance, and U.S. government entities like the Army and Navy.

Additionally, the launch of Devin Review, Auto-Triage, Windsurf 2.0, and other features contribute to its rapid scaling and market adoption.