Cognition CEO Scott Wu made headlines again this week when his two-year-old AI coding agent startup raised $1 billion at a $26 billion valuation. Cognition is the maker of Devin, one of the first and, arguably, most successful AI coding agents. Devin, the CEO says, “naturally owns tasks end to end.”

In fact, in the blog post announcing that raise, Cognition laid out a vision where “we are shifting to a world of self-driving software development.”