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

Published Friday, September 25, 2026 · 12:11 PM EDT

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.

Sources

Bloomberg Technology

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.

Back to Newswire

Keep reading

Full wire

Infrastructure Products

Two Chinese chip suppliers raise combined $301 million in Hong Kong IPOs

Chip suppliers Suzhou Denglin Technology Co. and Jiangsu Xinde Semiconductor Technology Co. have raised a combined $301 million in initial public offerings, Bloomberg reports.

Security Infrastructure

Researchers report active attacks exploiting Linux SSH vulnerability

Attackers are actively exploiting a vulnerability called sshole to gain unauthenticated access to privileged accounts on some Linux systems, researchers report.

Products

Quest Global acquires wearable testing provider Tests Assured

Quest Global has acquired Tests Assured, adding specialized testing for wearable devices, immersive technologies, and connected hardware and software to its engineering services business. The U.S. company tests smart glasses and augmented, virtual and extended reality products.

Capital Infrastructure

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

Two Chinese chip suppliers raise combined $301 million in Hong Kong IPOs

Researchers report active attacks exploiting Linux SSH vulnerability

Quest Global acquires wearable testing provider Tests Assured

Mavria raises $130M for truck-shippable data centers

Rocket Lab reports $3.57 billion backlog as quarterly revenue rises 72.7%

Vanderbilt tells users to shut down devices during cyberattack