Cognition is the San Francisco AI lab behind Devin, the autonomous software engineer that plans, writes, tests and ships code with minimal human supervision. Founded in 2023 by Scott Wu, Walden Yan and Steven Hao, the company set out to build not a coding assistant but a teammate — an agent you brief and then leave to work. When Devin launched in 2024 it was among the first agents to promise end-to-end delegation rather than autocomplete, and early doubts about its reliability have since given way to fast enterprise adoption.

That adoption shows up in the numbers. Cognition’s revenue run-rate climbed roughly 13x in a year — from about $37M in mid-2025 to a reported ~$492M in 2026 — with customers including Goldman Sachs and Mercedes-Benz, and the company says the large majority of its own code is now committed by Devin itself. In July 2025 it acquired Windsurf, the agentic IDE, absorbing its team and enterprise base after Google hired away Windsurf’s founders; that technology now gives Devin a native home inside the editor.

Investors have backed the trajectory aggressively. After a $400M round in September 2025 valued Cognition at $10.2B, a May 2026 Series D of more than $1B — co-led by Lux Capital, General Catalyst and 8VC, with Founders Fund, Ribbit Capital and Atreides among the backers — more than doubled its valuation to $26B. CEO Scott Wu has been pointed about using the capital to stay independent of any single model provider, a stance the company frames as a competitive advantage as the coding-agent market consolidates.