Cognition AI has raised over $1 billion at a $26 billion post-money valuation, more than doubling from its $10.2 billion valuation last year. The artificial intelligence startup builds autonomous AI agents like Devin that handle complex coding tasks independently. Investors backing the round see significant potential as AI reshapes software development. The deal highlights growing demand for tools that accelerate programming and reduce errors. The high valuation reflects strong belief that AI coding agents will become essential for developers. Businesses may soon rely on these systems to build applications faster and more cheaply. The funding positions Cognition to expand its reach and compete with larger AI players, though it raises questions about future roles for human programmers.

LTM has partnered with Cognition, the AI lab behind autonomous software engineering agent Devin, to reduce cyber risk in financial services. The partnership integrates Devin into LTM's BlueVerse RightLogic, a cybersecurity assessment and risk assurance framework. BlueVerse RightLogic autonomously identifies, prioritises, and remediates vulnerabilities across banking infrastructure, applications, AI systems, and software supply chains. The system ingests findings from existing scanners, prioritises them against business criticality, and routes fixes to Devin for remediation, with LTM engineers handling complex cases. The service aims to increase Common Vulnerabilities and Exposures backlog coverage from approximately 60% to 80%. The companies are launching five joint offerings, including AI security remediation, application modernisation, SDLC transformation, tech convergence, and database migration services.

Today, we’re welcoming The Interaction Company of California, the makers of Poke, to Cognition.