AI coding startup Cognition raises $1B at $25B pre-money valuation

AI 编程初创公司 Cognition 以 250 亿美元投前估值融资 10 亿美元

Cognition, the makers of the autonomous AI software engineer named Devin, has raised more than $1 billion at a $25 billion pre-money valuation, the company announced on Wednesday. AI 软件工程师 Devin 的开发商 Cognition 周三宣布，公司已完成超过 10 亿美元的融资，投前估值达到 250 亿美元。

That’s a major leap from its $10.2 billion post-money valuation when it closed a $400 million funding round just eight months ago in September. 相比八个月前（去年 9 月）完成 4 亿美元融资时 102 亿美元的投后估值，这实现了巨大的飞跃。

The round was led by Lux Capital and General Catalyst, with existing investors pouring in, including Founders Fund, 8VC, and others. The round also included new investors Ribbit Capital, Atreides, and Layer Global. 本轮融资由 Lux Capital 和 General Catalyst 领投，Founders Fund、8VC 等现有投资者跟投。此外，Ribbit Capital、Atreides 和 Layer Global 等新投资者也参与了本轮融资。

This is a giant vote of confidence from top-tier VCs that there will be room for independent AI software coding startups. Last year, all signs pointed to model makers swallowing this hot market themselves. 这是顶级风投机构投下的一张重磅信任票，表明独立的 AI 编程初创公司仍有生存空间。去年，种种迹象都显示模型开发商可能会垄断这一热门市场。

Certainly Anthropic’s Claude Code, OpenAI’s Codex, and maybe even Google’s coding agent Jules (after Google’s acqui-hire deal of Windsurf last year) have captured a lot of it. 诚然，Anthropic 的 Claude Code、OpenAI 的 Codex，甚至可能包括谷歌的编程代理 Jules（在谷歌去年收购 Windsurf 团队后），都已经占据了相当大的市场份额。

But Cognition, which acquired the remaining bits of Windsurf last year, says it counts big enterprises like Mercedes-Benz, NASA, Goldman Sachs, and Santander as customers. 但 Cognition（该公司去年收购了 Windsurf 的剩余资产）表示，其客户群包括梅赛德斯-奔驰、NASA、高盛和桑坦德银行等大型企业。

It also says it’s reached $492 million in annualized revenue run-rate as enterprise usage of Devin has grown 50% month-over-month for the past six months. 该公司还表示，随着过去六个月 Devin 的企业使用量以每月 50% 的速度增长，其年化收入运行率已达到 4.92 亿美元。