AI Funding & Investment

Cognition AI Closes $400M in Funding to Reach $10.2B Valuation Amid Rapid Growth

Cognition AI, creator of the AI coding agent Devin, has raised $400 million in a funding round led by Founders Fund, pushing its valuation to $10.2 billion, up from $4 billion earlier this year. Existing backers Lux Capital, 8VC, Elad Gil, Definition Capital, and Swish Ventures also participated.

The financing follows rapid adoption of Devin, which grew annual recurring revenue from $1 million in September 2024 to $73 million by June 2025, according to Bloomberg. Founded just two years ago, the company has maintained net burn below $20 million. Cognition also expanded its portfolio with the acquisition of Windsurf, an AI coding startup, as it cements its position in the competitive AI development market.

Need Deeper Intelligence on the AI Market?

AI Insider's Market Intelligence platform tracks funding rounds, competitive landscapes, and technology trends across the global AI ecosystem in real time. Get the data and insights your organization needs to make informed decisions.

AI, AI Funding & Investment, Robotics

Boston Dynamics to Invest $100M in New Massachusetts Robotics and AI Manufacturing Center

Insider Brief Boston Dynamics plans to invest $100 million to establish a new robotics and artificial intelligence center in Waltham, Massachusetts. According to the company,

AI, AI Funding & Investment, Exclusives

The AI industry landscape: Who Owns What

Artificial intelligence is no longer a niche technology category. It is the central organizing principle of the global technology industry, a field commanding hundreds of

AI Funding & Investment

Clario Launches with $6M Seed Funding to Rid Enterprises of Garbage Data

Insider Brief PRESS RELEASE — Clario, the first platform built to eliminate enterprise data ROT, has launched from stealth with $6 million in seed funding.