Robinhood Ventures puts $10M into Devin maker Cognition
Robinhood Ventures wrote a $10 million check to Cognition, the San Francisco startup behind the AI coding agent Devin, on October 23, 2026. The move came months after the same arm committed $75 million to OpenAI, which makes the competing Codex coding tool.
Robinhood is now funding both sides of the AI coding race.
The Numbers Behind Cognition
The $10 million is a small stake relative to Cognition’s recent fundraising. In September 2026, the company closed a $2 billion Series E at a $48 billion post-money valuation. That followed a Series D in May 2026 that raised over $1 billion at a $26 billion valuation.
Revenue backed the trajectory. Cognition grew from approximately $492 million in May 2026 to nearly $900 million by the Series E close, driven largely by enterprise adoption of Devin.
Who Is Using Devin
Cognition’s enterprise client list includes NVIDIA, Citi, GE Aerospace, and Mercedes-Benz. The company also claims Devin writes 89% of its own code, which is its central pitch to engineering teams looking to reduce manual workload.
Andreessen Horowitz and Accel are among the existing backers. Cognition was co-founded by Scott Wu, Steven Hao, and Walden Yan.
The Operator Takeaway
Robinhood is not a venture fund, but its investment arm is making deliberate bets on AI software engineering. Backing both OpenAI and Cognition gives it exposure across the two most capitalized players in autonomous coding. For Cognition, adding a finance sector backer could help as it courts more banks beyond Citi.
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