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Cognition Secures $1 Billio...

Updated May 27, 2026

SOLD

Cognition Secures $1 Billion Funding Round Led By Lux Capital And General Catalyst

Building Size

—

Asset Type

—

Closing

May 27, 2026

About this deal

AI

Cognition, the AI coding startup, has raised over $1 billion in funding, reflecting a significant increase in its valuation to $25 billion pre-money. This successful financing round was led by Lux Capital and General Catalyst, with contributions from other existing investors such as Founders Fund and 8VC, as well as new backers including Ribbit Capital, Atreides, and Layer Global.

Summary of transaction details:

  • Deal Type: Investment
  • Transaction Amount: $1,000,000,000
  • Pre-money Valuation: $25,000,000,000
  • Post-money Valuation: $10,200,000,000
  • Headquarters Location: San Francisco, California
  • Founders: Scott Wu
  • Notable Investors: Lux Capital, General Catalyst, Founders Fund, 8VC, Ribbit Capital, Atreides, Layer Global

Cognition is recognized for its innovative autonomous software engineer named Devin, which has been gaining traction as enterprises increasingly adopt AI coding platforms. The growth in investment highlights confidence in the standalone capabilities of its technology, which has expanded significantly in recent months.

Players

Scott Wu

Cognition

Seller

4 deals

Seller

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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