Cognition, the AI software-engineering company behind Devin agents, has raised more than $2 billion in a Series E funding round. The round values the company at $48 billion, according to an announcement made on September 8, 2026.
Investors Behind the Round
The Series E was led by new investors Andreessen Horowitz and Accel. Existing backers Founders Fund, General Catalyst, and Avenir also participated.
Beyond those lead and existing investors, Cognition’s announcement lists a broad syndicate of additional participants, including Benchmark, Bessemer, Kleiner Perkins, Greylock, Lightspeed, Altimeter, Bond Capital, Meritech, Atreides, Valor, and T. Rowe.
Purpose of the Funding
According to the company, the new capital will be used to scale its Devin agents. The funding round and valuation reflect continued investment interest in AI-driven software engineering tools.
