Cognition Says Devin Coding Agent Hit $1B Annualized Revenue Run Rate, Doubling From $492M in May

Cognition said Friday its Devin coding agent has crossed a $1 billion annualized revenue run rate, roughly doubling from $492M in May and up from ~$900M reported earlier this month. The milestone comes weeks after its $2B Series E at $48B valuation led by Andreessen Horowitz and Accel, with named enterprise customers including Nvidia, Citi, Mercedes-Benz, GE Aerospace and Rivian.