Cognition valuation hits $26B on $1B raise

cognition raised over $1 billion in a round led by lux capital, general catalyst, and 8vc, pushing its valuation to $26 billion. this figure more than doubles its $10 billion valuation from september 2025. the company reported $492 million in annualized revenue and tenfold enterprise usage growth, with clients including goldman sachs and mercedes-benz. cognition also released its own model, swe-1.6, and claims 89 percent of its internal code is written by devin.