Cognition, a six-month-old AI coding startup known for its AI coding assistant Devin, the first AI software engineer, has secured $175 million in new funding led by Founders Fund, reaching a valuation of $2 billion. This substantial valuation comes despite the company having no revenue and follows a recent Series A round that valued the company at $350 million. The funding round has sparked interest despite some backlash from a recent product demonstration.
🤯 This 6-month old startup with 0 revenue is valued at $2 Billion. This is Cognition Labs, the company behind Devin — AI coding assistant. https://t.co/ZkfJLKAn5T
Wow. This 6-month old startup with 0 revenue is valued at $2 Billion. This is Cognition Labs, the company behind Devin — AI coding assistant. https://t.co/nL55PLPCdg
Six-Month-Old AI Coding Startup Valued at $2 Billion by Founders Fund #OldAI #AI #TechAI #LearningAI #GenerativeAI #DeepbrainAI #artificalintelligence https://t.co/o9grlp95zv
Excited for Devin, the first AI software engineer, from @cognition_labs and happy to be participating in the financing. This was the CEO ( @ScottWu46 ) 14 years ago: https://t.co/EPABX6cBR0
Source: Cognition, which offers an AI coding assistant, raised $175M led by Founders Fund at a $2B valuation, a month after a Series A at a $350M valuation (@kateclarktweets / The Information) https://t.co/XaHxrgLk11 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/fb3dOUz6f2
Cognition Labs (creator of Devin) is now valued at a $2B The startup is 6 months old and has no revenue AI agents are so back https://t.co/DmkNMuGrFr
We're so back—part 2! Founders Fund is leading a new round in AI coding startup Cognition at a $2Bn valuation. (They have no revenue, in case you were wondering.) And this is in spite of recent backlash in response to their product demo. https://t.co/qVhX9X3J5V
Exclusive: Cognition, a six-month-old coding startup, has raised new funding led by Founders Fund at a $2 billion valuation, a month after its last round. https://t.co/ttoZmS7stm By @KateClarkTweets