ARR
$1M Devin ARR (Sep 2024; company blog)
link OK historical point
Coding agents · Venture-backed
Cognition (Devin)
Autonomous AI software engineer (Devin) plus Windsurf IDE suite.
What the agent does
Devin takes engineering tasks end-to-end alongside teams; Windsurf adds an AI IDE. Agents are positioned as junior-to-senior teammates, not autocomplete.
Business model
Enterprise SaaS subscriptions
Lessons for builders
- Acquiring complementary IDE distribution can more than double ARR quickly.
- Positioning agents as teammates that own tasks end-to-end, not autocomplete, supports enterprise-sized contracts.
- Efficient burn relative to ARR was a deliberate narrative.
Annualized revenue
$1B
ARR · as of 2026-09-25
Founded 2024 · Team —
Last verified 2026-10-15
Ownership checked 2026-10-16
Growth
Annualized revenue over time
Sourced metrics
| Metric | Value | As of | Source | Checks |
|---|---|---|---|---|
| ARR | $1M Devin ARR (Sep 2024; company blog) | 2024-09 | Cognition blog | link OK historical point |
| ARR | Devin ARR grew from $1M (Sep 2024) to $73M (Jun 2025) pre-Windsurf | 2025-06 | Cognition blog | link OK historical point |
| Valuation | $10.2B post-money; $400M+ raised (Sep 2025) | 2025-09 | Cognition blog | link OK historical point |
| ARR | run-rate revenue grew to $492M (Series D) | 2026-05-27 | Cognition blog (Series D) | link OK historical point |
| Valuation | $26B valuation; over $1B raised (Series D) | 2026-05-27 | Cognition blog (Series D) | link OK historical point |
| ARR | run-rate revenue grew from $492M to almost $900M (Series E, Sep 8 2026) | 2026-09-08 | Cognition blog (Series E) | link OK historical point |
| Valuation | $48B valuation; over $2B raised (Series E) | 2026-09-08 | Cognition blog (Series E) | link OK |
| ARR | crossed $1B in annualized revenue run rate (Sep 25 2026) | 2026-09-25 | Cognition blog | link OK |
ARR
Devin ARR grew from $1M (Sep 2024) to $73M (Jun 2025) pre-Windsurf
link OK historical point
Valuation
$10.2B post-money; $400M+ raised (Sep 2025)
link OK historical point
ARR
run-rate revenue grew to $492M (Series D)
link OK historical point
Valuation
$26B valuation; over $1B raised (Series D)
link OK historical point
ARR
run-rate revenue grew from $492M to almost $900M (Series E, Sep 8 2026)
link OK historical point
Valuation
$48B valuation; over $2B raised (Series E)
link OK
ARR
crossed $1B in annualized revenue run rate (Sep 25 2026)
link OK
Machine-readable: /api/v1/businesses/cognition-devin.json · Spot an error? Send a correction.
For the founder
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