The coding agent just passed a billion-dollar revenue run rate. cognition crossed $1b annualized…
the coding agent just passed a billion-dollar revenue run rate. cognition crossed $1b annualized revenue by sept 26, weeks after closing its $2b series e at a $48b valuation, up from $492m in may.
devin stopped being a bet and became a business.
Context
Verified dates: Cognition announced its Series E on Sep 8, 2026, raising over $2 billion at a $48 billion valuation, led by Andreessen Horowitz and Accel. Tech Funding News (Sep 9) says Devin's run-rate revenue rose from $492 million in May to nearly $900 million.
Flux (Sep 26) reports Cognition said on its blog on Sep 25 that it had crossed $1 billion in annualized revenue run rate.
The $2 billion at $48 billion, the $492 million in May and the $1 billion run rate match the sources, with the $1 billion crossing dated Sep 25 rather than Sep 26. FourWeekMBA labels the revenue figure company-stated, so it is not independently audited. 'Devin stopped being a bet and became a business' is the author's opinion.
Related work
- Cognition Raises $2B+ at $48B on a Company-Stated $900M Run-Rate, FourWeekMBA ↗Sep 8, 2026. Notes revenue is company-stated.
- Cognition Series E post ↗Sep 8, 2026.
- Tech Funding News ↗Sep 9, 2026.
Watch next
- Find Cognition's own blog post for the $1 billion run rate.
Sources
Provenance
The note above is reproduced unedited from the original post, first published on Threads on 1 October 2026 at 03:50 IST. Sources are the papers and datasets the note draws on.
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