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AI software engineering company
cognition.comLast updated
In short: Cognition raised $2 billion at a $48 billion valuation and reached $1 billion annualized revenue.
Founded in January 2024, the company's AI agent Devin serves major clients like GE Aerospace and Rivian. Cognition celebrated this milestone by thanking customers for integrating Devin into their teams.
The company raised over $2B at a $48B valuation led by Andreessen Horowitz and Accel while expanding its office footprint globally.
The benchmark includes 150 tasks from open-source maintainers and reduces false positives by 81% compared to SWE-Bench Pro.
The guarantee funds up to $10 million if Devin delivers less value than paid for, based on validated productivity estimates.
The potential jump in valuation and investor interest underscores the frenzy around AI coding.
Cognition CEO Scott Wu aims to make 30-35 million software engineers 10 times more efficient after a $1B raise at a $26 billion valuation.
Artificial intelligence software startup Cognition has surpassed a $1 billion annualized revenue run...
working alongside Cognizant's engineers. Cognizant has trained more than 3,000 associates on the Devin platform, and applied to its own engineering work, Devin has cut...
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