Cognition Devin Closes $2 Billion Series E at $48 Billion Valuation: AI Software Engineer Nears $900M Annualized Revenue
Cognition closed a $2B+ Series E on September 8, 2026, reaching a $48B valuation led by a16z and Accel with NVIDIA participation. Its AI software engineer Devin nears $900M annualized revenue, serving NVIDIA, Citigroup, and Mercedes-Benz, marking the AI coding agent market's entry into the super unicorn era.