Cognition AI, the company behind Devin, the AI-powered software engineer, has secured hundreds of millions in new funding, nearly doubling its valuation to $4 billion. The investment round is led by 8VC, with continued backing from Founders Fund, Khosla Ventures, Elad Gil, and Conviction Partners.
The funding highlights surging investor interest in AI-driven coding tools, with Cognition AI competing alongside Microsoft’s GitHub Copilot and Amazon’s CodeWhisperer. Founded in 2023 by Scott Wu, Steven Hao, and Walden Yan, Cognition AI aims to redefine software development with fully autonomous AI engineering.
The latest investment underscores the growing demand for AI-driven automation in coding, as the sector experiences unprecedented momentum.
