Cognition Stock
| Valuation | $26B1, 2 |
| Valuation Date | May 27, 2026 |
| Implied Valuation | $77.86B |
| Last Price | $196.54 |
| 52-Week High | $196.54 |
| 52-Week Low | $8.22 |
| YTD Return | +239.10% |
| 1-Year Return | +2,291.00% |
| 3-Year Return | n/a |
| Total Funding | n/a |
| Latest Round Amount | $1B1 |
| Latest Round | Series D |
| Funding Rounds | n/a |
| IPO Status | Unknown |
| Expected IPO Date | n/a |
| Revenue | $492M3 |
| Revenue Type | Run Rate |
| P/S Ratio | 52.8 |
About Cognition
Cognition is an applied artificial intelligence lab that builds autonomous software engineering agents. Its flagship product is Devin, marketed as the first AI software engineer. It is an agent that plans, writes, tests and ships code on its own inside a cloud sandbox equipped with a shell, code editor and browser. In 2025 Cognition acquired the AI coding startup Windsurf and folded its integrated development environment into the product lineup. The company makes money by selling access to Devin through tiered subscription plans for individuals and teams, plus usage-based enterprise contracts used by customers such as Goldman Sachs, Citi and Mercedes-Benz. Cognition was founded in 2023 by Scott Wu, Steven Hao and Walden Yan and is headquartered in San Francisco.
Invest in Cognition
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News
Why Cognition bought Poke: AI personality is becoming a competitive advantage
Cognition acquired Poke maker The Interaction Company to bring proactive, conversational interaction into its Devin coding agent.
Devin Fusion: Frontier Performance at 35% Lower Cost
Cognition launched Devin Fusion, a multi-model routing harness that maintains frontier coding performance while cutting inference costs by 35% on its FrontierCode benchmark.
Devin is Now FedRAMP High In-Process, Unlocking Autonomous AI Engineering for Federal Agencies
Cognition's full platform achieved FedRAMP Class D (High) In-Process status, extending federal authorization beyond Devin Desktop to Devin Cloud's autonomous engineering capabilities.
World Wide Technology Launches ‘Defending at the Speed of AI' Initiative with Horizon3.ai, Empirical Security, Infoblox, and Cognition
ST. LOUIS--(BUSINESS WIRE)--World Wide Technology (WWT), a global technology solutions provider, today announced the launch of “Defending at the Speed of AI,” a global cybersecurity initiative WWT dev...
Fiserv Turns to Cognition to Modernize Banking Tech
Payments and financial technology provider Fiserv is teaming with AI agent lab Cognition. The collaboration will see the companies use artificial intelligence (AI) software engineer, Devin, to moderni...
Fiserv and Cognition Partner to Modernize Banking Technology and Bring New Capabilities to Clients Faster
NEW YORK and SAN FRANCISCO, May 28, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial technology, and Cognition, the AI agent lab, today announc...
AI coding startup Cognition raises $1B at $25B pre-money valuation
Cognition closed a Series D raising more than $1 billion at a $26 billion post-money valuation, reporting a $492 million annualized revenue run rate.
More Devins in More Places
Cognition announced it raised over $1 billion at a $26 billion valuation led by Lux Capital, General Catalyst, and 8VC, with enterprise usage up more than 10x since the start of 2026.
Cognition Signs MOU with U.S. Department of Energy to Join The Genesis Mission
Cognition joined the DOE's Genesis Mission to apply its Devin autonomous AI engineer to national laboratory research workflows, data pipelines, and security scanning.
Endava Expands Cognition Partnership to Scale Governed Agentic Coding
LONDON--(BUSINESS WIRE)--Endava (NYSE: DAVA), the business transformation group, has today announced a significant expansion of its partnership with Cognition.
Cognizant and Cognition Partner to Scale Autonomous Software Engineering and Deliver Business Value Across Enterprise Operations
Strategic partnership introduces autonomous AI software engineers to the enterprise, augmenting human capabilities to transform the software development lifecycle (SDLC) and accelerate business value....
Infosys and Cognition Announce Strategic Collaboration to Accelerate the AI Value Journey for Global Enterprises
Integrated capabilities of AI Software Engineer Devin and Infosys Topaz Fabric™ to accelerate software development, boost engineering productivity, and deliver faster time-to-market SAN FRANCISCO and ...