Cognition

The maker of Devin, an autonomous AI software engineer, closed a Series D round led by Lux Capital, General Catalyst, and 8VC, more than doubling its valuation from $10.2 billion eight months earlier.

Devin's maker is in talks to raise hundreds of millions at $25 billion just seven months after a $10.2 billion round, putting fresh pressure on a sector already reshaped by the SpaceX-Cursor option and Anthropic-OpenAI competition.