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Cognition's annualized revenue reaches $1 billion pace, source says

Cognition AI is on track for $1 billion in annualized revenue based on its performance this month, Bloomberg reports, citing a person familiar with the matter. The pace roughly doubles the AI coding startup's run rate from about four months earlier. Cognition said earlier in September that its run-rate revenue had topped $900 million, driven by demand for its Devin coding software. Annualized revenue projects a full year of sales from a shorter period; it is not a tally of sales already completed.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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