Cognition CEO Scott Wu wants to make 30-35 million software engineers 10 times faster

Cognition CEO Scott Wu has a target market most startups would envy: roughly every software engineer on the planet. Wu says the company wants to boost the productivity of about 30-35 million software engineers worldwide and expand how much software actually gets built. Investors appear to believe him. Cognition raised over $1 billion in May 2026 at a $26 billion valuation. The money and the math The May round valued Cognition at $25 billion before the new cash came in. That put the post-money figure at $26 billion. A Series E round later in 2026 exceeded $2 billion and valued Cognition at $48 billion. Total funding has now passed $2.5 billion. The revenue side kept pace. Annualized run-rate revenue rose from $492 million in May 2026 to over $1 billion by September 2026. What Devin actually does Cognition’s flagship product is Devin, an AI agent built for autonomous software engineering. The company says its agents can handle every stage of development. That includes planning, writing code, debugging, and deployment. Wu’s stated ambition is to make engineers 10 times more efficient through these agents. Cognition is also its own best test case. The company says 95% of its own code i...