Alan Lu

Devin's numbers just came out. And they're wild. $1 million in ARR in September 2024. $445 million run rate today. Usage doubling every eight weeks. Cursor held the all-time SaaS record at $1M to $100M in 12 months. Devin crossed that line in roughly 10. Cursor reached $100M through 360,000 individual developers at $276 ACV. Devin reached it through the US Army, Goldman Sachs, Mercedes-Benz, Citi, Dell, Cisco, and Palantir. The United States military pays production rates for an autonomous coding agent. Cognition is now raising at $25 billion. That's 56x run rate. Cursor cleared $9.9B at a similar multiple last May, and the multiple held because the curve hadn't bent. The unusual part isn't the price. The unusual part is that the doubling is still happening at $445M. The buried number is the burn. Cognition has spent under $20 million cumulatively since founding two years ago. Most Series B companies spend that in a single year. Devin's $445 million was built on Series A money. Then the Windsurf paragraph. Google paid $2.4 billion in licensing fees in July to pull Windsurf's founders out the door. The remaining company sold to Cognition inside 72 hours for a fraction of that. Combined enterprise ARR rose more than 30% in seven weeks post-close. Less than 5% customer overlap pre-acquisition. Google paid two and a half billion dollars to hand Cognition the IDE distribution layer. In March 2024, independent testers said Devin completed 3 of 20 tasks. The internet called it a fake demo. Two years later, that product codes for the US Army.

Starbuck'ss ChatGPT app is one of the first MCP apps I've seen break outside the tech circle. very interesting that the public's reaction is poor as this is supposed to be the future of UI

Mythos Preview has already found thousands of high-severity vulnerabilities—including some in every major operating system and web browser.

"'AI will create jobs for plumbers and electricians," Larry Fink of BlackRock has said.