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Cognition Raises $1B at $25B Valuation with $492M Annualized Revenue
May 27, 2026
AI coding startup Cognition closed a $1B round at a $25B pre-money valuation, more than doubling its valuation in eight months on $492M annualized revenue run rate.
HOW THIS AFFECTS YOU
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founderCognition's $25B valuation at ~$492M ARR sets a new comparable for AI coding tool valuations and signals intense investor appetite for autonomous software development platforms.
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investorDoubling valuation to $25B in eight months on $492M ARR run rate makes Cognition one of the fastest-growing AI companies by revenue, but the ~50x revenue multiple warrants scrutiny on retention and margin.