Cognition's Devin Hits $445M ARR, Raising at $25B Valuation

Cognition AI's Devin coding agent has reached $445M annual recurring revenue in its first 18 months, with usage doubling every 8 weeks, and is raising a new round at approximately $25B valuation with customers including the US Army, Goldman Sachs, and Mercedes-Benz.

1 min read|agenticonsult Intelligence

Cognition's Devin Hits $445M ARR, Raising at $25B Valuation

Cognition AI, maker of the autonomous coding agent Devin, has reached $445 million in annual recurring revenue in its first 18 months of operation, with usage doubling approximately every 8 weeks. The company is raising a new funding round at a valuation of approximately $25 billion. Enterprise customers include the US Army, Goldman Sachs, and Mercedes-Benz. Founder Scott Wu, described as the greatest competitive programmer the US has ever produced with three consecutive IOI gold medals, started the company the day Sam Altman was fired from OpenAI in 2023.

Why It Matters

A $445M ARR run-rate at 8-week doubling pace, with three flagship enterprise marquee names, positions Cognition as the fastest-scaling agentic software company on record and validates the autonomous-coding-agent market category.

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Cognition's Devin Hits $445M ARR, Raising at $25B Valuation

Cognition's Devin Hits $445M ARR, Raising at $25B Valuation

Why It Matters

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