Cognition AI Raises $400 Million, Reaching a $10.2 Billion Valuation
The AI software engineering startup's latest funding round was led by Founders Fund amid rapid revenue growth for its coding agent, Devin.
The Funding Round
Artificial intelligence startup Cognition AI confirmed on September 8, 2025, that it has raised approximately $400 million in a new funding round, pushing its valuation to $10.2 billion. The round was led by Founders Fund, the venture capital firm supported by Peter Thiel.
The deal represents a significant increase from the $4 billion valuation the company secured in a funding round earlier in the year. Existing investors also participated in the latest round, including Lux Capital, Joe Lonsdale’s 8VC, Elad Gil, Definition Capital, and Swish Ventures, the company said on Monday.
Rapid Revenue Growth
The …
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