Robinhood Ventures invested $10 million in Cognition, the San Francisco startup behind Devin, an AI coding agent designed to execute tasks, fix bugs and automate software workflows. The deal, announced on October 23, 2026, follows a $75 million commitment to OpenAI in 2026, placing Robinhood’s venture arm on both sides of the competition between Codex and Devin. Cognition raised $2 billion in a Series E in September 2026 at a $48 billion post-money valuation, up from $26 billion in May. Its revenue grew from approximately $492 million to nearly $900 million over the same period, driven largely by enterprise adoption of Devin by clients including NVIDIA, Citi, GE Aerospace and Mercedes-Benz.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
