AI coding agents are moving from hype to infrastructure. Cognition AI (Devin) just announced a D-round raising more than $1B, valuing the company at $26B—jumping from roughly $10B before. That’s a wild leap that signals serious capital is stacking behind AI-generated, automation-driven software development. Founded in 2023 in San Francisco by Scott Wu, Steven Hao, and Walden Yan, Cognition’s flagship product is Devin, an AI programming agent that doesn’t stop at writing code. After launch in 2024, Devin quickly gained attention for running the end-to-end loop: coding, debugging, generating and executing tests, and deploying deliverables. To expand its footprint, Cognition acquired Windsurf (formerly Codeium), an AI coding editor company founded in 2021 that was viewed as a Cursor rival. The traction looks real: enterprise usage reportedly grew 10x+, run-rate revenue hit $492M, and customers include Mercedes-Benz, Goldman Sachs, Dell, and the U.S. Army. Cognition calls the future “self-driving software development”—engineers design the problem; agents handle the repetitive execution. #AIcoding #SoftwareEngineering #DevTools #AIAgents #VC #Startups
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