Robinhood Ventures invests $10M in AI coding startup Cognition

Robinhood’s venture arm has written a $10 million check to Cognition, the San Francisco startup behind the AI coding agent Devin. The deal was announced on October 23, 2026. It means Robinhood Ventures now backs two different horses in a race where most investors are still trying to pick just one. Earlier in 2026, the same arm committed $75 million to OpenAI, maker of the Codex coding tool. A crowded field with a lot of money in it The AI coding space has become one of the most contested corners of tech. OpenAI’s Codex, Anthropic’s Claude Code, GitHub Copilot and Cognition’s Devin are all fighting for the same pool of developers. Devin’s pitch is autonomy: it is designed to carry out coding tasks, fix bugs and streamline engineering workflows with limited hand-holding. Cognition has made a striking claim to back that pitch: Devin reportedly writes 89% of its own code. Robinhood’s $10 million is a modest sum next to Cognition’s recent fundraising. In September 2026, the company closed a $2 billion Series E at a $48 billion post-money valuation. That round came only months after a Series D in May 2026, which raised over $1 billion at a $26 billion valuation. The numbers behind the va...