capital · May 16, 2026
Cognition Reports $445M ARR for Devin in 18 Months at $25B Valuation
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Cognition reached $445M ARR for Devin within 18 months of operations as of May 13, 2026. Devin usage doubles every eight weeks while SWE-Bench scores rose from 13% to 90%. Clients include the U.S. Army and Goldman Sachs. Cognition is raising capital at a $25B valuation, up from prior $10.2B after the 2025 Windsurf acquisition.
Spend governor blocked model creation: provider_circuit_open (lane=dev, provider=together)