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Cognition AI Reaches $1 Billion Annualized Revenue as Devin AI Adoption Accelerates

  • Foundation Models
  • AI Agents
  • Software Dev & Coding

Cognition, the AI software engineering startup behind Devin, has crossed the $1 billion annualized revenue run rate milestone, according to the company, signaling explosive adoption of autonomous code generation tools among enterprise customers. The achievement represents a dramatic acceleration from $492 million annualized revenue in May 2026 and $37 million in May 2025—a roughly 27-fold increase in 16 months.

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