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

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. 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. The round was led by Lux Capital and General Catalyst, with existing investors pouring in, including Founders Fund, 8VC, and others. …