Why Cognition matters
Cognition raised more than $1 billion at a $26 billion post-money valuation on May 27, 2026, led by Lux Capital, General Catalyst, and 8VC, up from $10.2 billion in September 2025. Its revenue run rate grew to $492 million in May 2026 from $37 million a year earlier, helped by the July 2025 acquisition of Windsurf. Management said it is targeting more than $1 billion in run-rate revenue later in 2026.
The numberValued at $26 billion in a $1B+ Series D on May 27, 2026, with run-rate revenue of $492 million
On The Agentic 80
Listed under Coding agents. Agents that write, test, and ship software.
On The All Things AI 100
Listed under Coding and app building. Tools that write software, for developers and for people who never learned to code.
Quick answers
- What does Cognition do?
- Builds Devin, an autonomous software engineering agent, and owns the Windsurf AI code editor. Cognition raised more than $1 billion at a $26 billion post-money valuation on May 27, 2026, led by Lux Capital, General Catalyst, and 8VC, up from $10.2 billion in September 2025.
- What AI capabilities does Cognition offer?
- Cognition offers Devin, a software engineering agent that takes a task in chat, plans the work, edits a repository, runs tests and commands, and can open a pull request. It also offers Windsurf, an AI code editor with an agent that reads a codebase, proposes and applies edits, and runs terminal commands so developers can implement changes and fix bugs in their projects.
- Why is Cognition on The Agentic 80?
- Cognition is listed under Coding agents. Agents that write, test, and ship software. Valued at $26 billion in a $1B+ Series D on May 27, 2026, with run-rate revenue of $492 million.
- Why is Cognition on The All Things AI 100?
- Cognition is listed under Coding and app building. Tools that write software, for developers and for people who never learned to code. Valued at $26 billion in a $1B+ Series D on May 27, 2026, with run-rate revenue of $492 million.
- Where is Cognition based, and who owns it?
- Cognition is based in San Francisco, CA, was founded in 2023 and is private, Series D.