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Cognition AI has secured hundreds of millions of dollars in its latest funding round, led by 8VC, boosting its valuation to nearly $4 billion. This funding aims to enhance the development of its AI-powered coding assistant, Devin.

Mar 18, 2025•4 months ago

Amount Raised

$100 Million

San FranciscoNatural Language ProcessingMachine LearningArtificial IntelligenceSoftware

Investors

Conviction PartnersElad GilKhosla VenturesFounders Fund8 Vc

Description

Cognition AI, a developer of an AI-powered coding assistant, has secured hundreds of millions of dollars in its latest funding round, reaching a valuation close to $4 billion. The round, led by 8VC, doubled Cognition AI’s previous valuation. The startup's generative AI coding tool, Devin, is designed to automate repetitive tasks and enhance coding efficiency. Several existing investors, including Founders Fund and Khosla Ventures, also participated in this funding round.

Company Information

Company

Cognition AI

Location

San Francisco, California, United States

About

Cognition AI is a developer of an AI-powered coding assistant that launched its generative AI coding tool, Devin, just over a year ago. Devin is positioned as the world's first AI software engineer, designed to enhance coding efficiency by automating repetitive tasks and predicting bugs. The tool is capable of planning and executing complex engineering tasks, learning over time, and rectifying errors. Cognition AI's innovative approach aims to revolutionize software development through automation.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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