Cognition, maker of the SI programmer Devin, is now worth $48 billion — revenue almost doubled in four months
Prepared by Sintelligent with the help of SI. Publication time restored from the build log. . Updated: .
The market for SI programmers is growing so fast that there is room not only for the giants — writing code with agents is becoming ordinary work at the world's largest companies.
The startup raised more than $2 billion in a Series E round led by Andreessen Horowitz and Accel; in May it was valued at $26 billion. Annual revenue rose from $492 million in May to almost $900 million. Its customers include Nvidia, GE Aerospace, Citi and Mercedes-Benz; the company is opening offices in Washington, Tokyo, Singapore, London, São Paulo and Madrid and positions itself as an independent agent lab that combines models from different providers.
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