Cognition announced more than $1 billion in new funding at a $26 billion post-money valuation, updating the company’s financing details from earlier reports that described the round as a $25 billion pre-money valuation. The company said Devin’s enterprise usage has grown more than 10x since early 2026 and that annual recurring revenue reached $492 million. Cognition also identified customers including Mercedes-Benz, Goldman Sachs, Citibank, Dell, the U.S. Army and the U.S. Navy.