A week of hard numbers that show how real the agent business has become.
Cognition closes $1B at a $26B valuation
On May 27, Cognition (maker of Devin) closed a $1B+ round at a ~$26B valuation (co-led by Lux Capital, General Catalyst, and 8VC) — about 2.5× its September 2025 mark. The company reported a ~$492M ARR run-rate and said 89% of its own committed code is now written by Devin.
Glean crosses $300M ARR
On May 28, enterprise work-AI company Glean said it surpassed $300M ARR, roughly tripling in about 15 months — pitching AI-budget consolidation (one assistant over many point tools) as its wedge into the enterprise.
Perplexity's agent moves into Office
Also around May 28, Perplexity rolled out native Computer add-ins for Word, Excel, PowerPoint, and Outlook (paid tiers) — building a model from a 10-K, redlining contracts, or generating decks from spreadsheet charts, right inside Microsoft 365.
Model watch: Claude Opus 4.8
Anthropic also released Claude Opus 4.8 on May 28, with stronger coding and longer autonomous-task consistency — now the default behind many Claude-powered agents.
What it means if you're picking tools
Coding agents and enterprise research assistants are the categories with real revenue behind them. See coding and research.
Sources: Cognition $1B (Bloomberg) · Glean $300M ARR (TechCrunch) · Perplexity Office add-ins (VentureBeat)