Every published Top AI Stories item tagged with Cognition Labs, newest first.
SWE-2 is built on Moonshot AI's Kimi K3, and Cognition reports 73.0 on DeepSWE 1.1 against 67.4 for Claude Fable 5.1, landing within a few points of GPT-6 Astra at roughly a quarter of the cost. It also claims 58 percent fewer turns and 81 percent lower cost than its own previous model. Every one of those figures is vendor-reported. It ships first in Devin Desktop and the command-line tool. The base model is the quiet story: a well-funded US lab has built its flagship on open weights from Moonshot, one of the labs in Anthropic's report, which does not say which Moonshot models the harvested data trained.
Cognition, the company behind the Devin coding agent, raised two billion dollars, led by Andreessen Horowitz, at a 48 billion dollar valuation — nearly double the 26 billion it carried in May. Annualized revenue has gone from 492 million dollars in May to about 900 million now. TechCrunch's reading is that investors no longer treat AI coding as winner-take-all: the same firm backed Cursor before this, and Cognition now commands a richer revenue multiple than Cursor did at its own 50 billion dollar valuation in the spring.
Bloomberg reports that Cognition, maker of the Devin coding agent, is already discussing a new round at a $40 billion valuation — up from the $26 billion pre-money it set in May. The target is tied to reaching a $1 billion annualized revenue run rate; three months ago that figure stood at $492 million, with enterprise usage of Devin growing about 50 percent month over month for half a year.
Cognition Labs, maker of the Devin coding agent, acquired Poke, a messaging-based AI assistant, in a deal valuing it in the low nine figures. Poke reaches users through iMessage, texts, Telegram, and WhatsApp, and it stands out for a conversational style that jokes and uses slang rather than reading like a tool — users exchanged more than one hundred million messages in three months. Cognition plans to fold that personality into Devin, a bet that how an AI talks to you is becoming as valuable as the model underneath.
Following Cognition's 1 billion dollar raise at a 26 billion dollar valuation announced May 27, CEO Scott Wu publicly reframed Devin's positioning as augmentation rather than replacement: *"We've never thought about it as replacing humans. We are all programmers ourselves."* Wu disclosed that 89 percent of Cognition's own engineering output is committed by Devin — with Windsurf, the acquired coding competitor, also contributing. He characterized Devin's current capability as somewhere between a junior and a mid-level engineer depending on task complexity, deliberately avoiding higher-level replacement claims.
Cognition, the maker of the Devin autonomous coding agent, closed a round of more than $1 billion at a $25 billion pre-money valuation, led by Lux Capital, General Catalyst, and 8VC with Ribbit Capital and Atreides joining. The company disclosed $492 million in annualized revenue and named Mercedes-Benz, NASA, Goldman Sachs, and Santander among its enterprise customers. The valuation more than doubles from a $10.2 billion post-money mark eight months ago, a vote of confidence that standalone coding-agent vendors can hold ground even as Anthropic, OpenAI, and Google push their own coding products and Microsoft pulls Claude Code from its own employees.