Cognition AI Stock Price, Valuation & IPO
Private company — Cognition AI is privately held. Its shares are not listed on any public exchange and can only be accessed through private secondary transactions.
Status source: AXEVIL investment team
$268.74 per share (AXEVIL consensus estimate)
Source: AXEVIL consensus of recent secondary transactions · as of 27 October 2026
Last round valuation: $48B
Source: E, September 2026, post-money
Total raised: ~$1.6B
Data last updated: 27 October 2026
About Cognition AI
American developer of the Devin AI coding agent, which automates software development. In May 2026 the company raised $1B at a $26B valuation led by Lux Capital, General Catalyst, and 8VC. Annual recurring revenue reached about $492M.
Cognition builds Devin — a software engineer that works not through prompts in an editor but on its own: it takes a task in plain words, works through an unfamiliar codebase itself, writes and runs code, tests it, and submits a finished change for a human to review. The company was founded in 2023. The fundamental difference from familiar assistants is that responsibility for the result sits with the system, not with a human finishing a line behind the tool. Annual revenue went from $73M in June 2025 to $492M in May 2026. In June 2026 the company announced a productivity guarantee: if Devin delivers less value than it was paid, the company covers the usage itself — up to $10M a year. Valued at $26B in a Series D (May 2026, $125.93 per share); roughly $1.6B raised.
- Sector: Artificial Intelligence
- Headquarters: San Francisco, USA
- Founded: 2023
Key highlights
- Revenue grew 6.7x in eleven months, and this is not a one-off deal. Annual revenue went from $73M in June 2025 to $492M in May 2026.
- The company removed the main barrier to enterprise purchase — distrust of the result. In June 2026 it announced a productivity guarantee: if Devin delivers less engineering value than it was paid, Cognition covers the usage at its own expense — up to $10M a year.
- In-house models move the economics out of someone else's hands into its own. Until 2026 the company depended on the inference cost of other people's models.
- The government sector has opened up — the most closed and slowest market there is. In July 2026 Devin obtained FedRAMP High In-Process status, granting access to the highest category of federal data, and Cognition signed a memorandum with the US Department of Energy on participating in the Genesis Mission program.
- The valuation is catching up to the business, not running ahead of it. The Series D came with a 2.5x increase in valuation over eight months, while revenue over the same period grew 6.7x.
Funding rounds
| Date | Round | Price / share | Post-money valuation |
|---|---|---|---|
| 8 September 2026 | E | $212.32 | $48B |
| 27 May 2026 | D | $125.93 | $26B |
| 22 October 2025 | C-1 | $78.56 | $15B |
| 8 September 2025 | C | $55.20 | $10B |
| 17 March 2025 | B-1 | $23.10 | $4B |
| 24 April 2024 | B | $11.87 | $2B |
| 12 March 2024 | A | $6.49 | $350M |
Latest news
- Bloomberg: Heads of Factory and Cognition publicly quarreled over accusations of 'unethical behavior' by advisor Chris Degnan — 1 October 2026
- Bloomberg: Cognition (Devin)'s annual revenue is on pace for 1 billion dollars — double what it was four months ago. — 25 September 2026
Frequently asked questions
How can I buy Cognition AI stock before the IPO?
Not on a public exchange — Cognition AI is privately held. Shares change hands only in private secondary transactions. AXEVIL structures those as dedicated US special purpose vehicles for accredited investors, subject to availability and to the rules of your jurisdiction.
What is the Cognition AI stock price?
A private company has no single official share price. AXEVIL's consensus estimate is $268.74 per share as of 27 October 2026. Its most recent round implied a post-money valuation of $48B (September 2026).
What is Cognition AI's valuation (net worth)?
Cognition AI's most recent funding round valued the company at $48B post-money (September 2026) — the latest primary-market measure of what the company is worth. Secondary trades can price its shares above or below that round.
When will Cognition AI IPO?
No listing has been announced. AXEVIL does not forecast IPO dates — this page states what has actually been filed or reported, with the date it was last checked.
Is Cognition AI publicly traded?
No. Cognition AI is a private company and its shares are not listed on any public exchange.
Does Cognition AI have a stock symbol?
No. Cognition AI has no ticker symbol because its shares are not listed on any exchange; a symbol is assigned only at an IPO or direct listing.
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Risk disclosure
Nothing on this page is an offer to sell or a solicitation to buy any security, and it is not investment advice. Valuations and share prices shown here are AXEVIL estimates built from primary sources — filings, announced rounds and completed secondary transactions — not quoted market prices, and they can be revised. Private-company shares are illiquid, may be impossible to sell, and the entire amount invested can be lost. Availability depends on your jurisdiction and on accredited-investor status.