Cognition in talks to raise funds at $10B valuation, more than doubling its valuation from March.

Cognition, an AI startup that makes a generative coding assistant called Devin, is in talks to raise over $300M, valuing the company at $10B, more than doubling its previous valuation of $4B in March. Blackstone has also invested in NetBrain Technologies, a network automation and AI platform, valuing it at $750M. Other notable funding rounds this week include Armada's $131M, HeroDevs' $125M, Vanta's $150M, AbsoluteCare Lands' $135M, and Reka's $110M.

Cognition, an AI startup known for its generative coding assistant Devin, has secured a significant funding round, valuing the company at $10 billion. This new valuation, more than doubling its previous valuation of $4 billion in March, is the result of a $300 million funding round led by Founders Fund and Khosla Ventures [1].

Devin, the autonomous coder developed by Cognition, has garnered attention with its ability to write, test, and debug code independently. The startup's latest funding round follows a series of high-profile acquisitions, including the recent purchase of rival Windsurf. The acquisition of Windsurf, which was initially rumored to be acquired by OpenAI, has been seen as a strategic move to enhance Devin's capabilities and accelerate its development [1].

The funding round is part of a broader trend of investor exuberance around AI. In the first half of 2025 alone, U.S.-based AI startups raised $104.3 billion, indicating the continued growth and interest in AI technologies [1]. Cognition's aggressive expansion plans, including the acquisition of Windsurf, suggest a strong commitment to pushing the boundaries of AI coding.

However, the road to success for Cognition is not without challenges. Early reviews of Devin have highlighted its limitations in real-world coding scenarios, often requiring human intervention or failing benchmarks entirely. Despite these criticisms, the promise of agentic AI has captivated Silicon Valley, with Microsoft and Alphabet reporting that AI already generates approximately 30% of the code on some projects [1].

Additionally, Blackstone has invested in NetBrain Technologies, a network automation and AI platform, valuing it at $750 million [1]. Other notable funding rounds this week include Armada's $131M, HeroDevs' $125M, Vanta's $150M, AbsoluteCare Lands' $135M, and Reka's $110M [1].

References:
[1] https://decrypt.co/331723/cognition-devin-10-billion-valuation
[2] https://timesofindia.indiatimes.com/technology/tech-news/jeff-bezos-sells-1-5-billion-worth-of-amazon-shares-now-holds-stock-valued-at/articleshow/122904177.cms
[3] https://www.forbes.com/sites/richardnieva/2025/07/24/ai-coding-startup-cognition-is-in-talks-to-raise-at-a-10-billion-valuation/