Robinhood Ventures Fund I has invested approximately $10 million in Cognition, the artificial‑intelligence software company behind the autonomous coding agent Devin.
A pulse2.com post reported that the investment places Cognition among a concentrated portfolio of mostly private companies that the fund uses to give public‑market investors exposure to technology firms traditionally limited to private‑equity channels. The fund, which trades on the New York Stock Exchange under the ticker RVI, began trading on March 6 2026 and is structured as a closed‑end vehicle without performance fees and with a management fee only.
According to the same article, Cognition was founded in 2024 and develops Devin, a platform that plans, writes, tests and deploys production code. The post listed several organizations where Devin has been deployed, including Goldman Sachs, Citi, Wayfair, Mercedes‑Benz and Nubank, and noted that Cognition recently surpassed a $1 billion annualized revenue run rate.
The msn.com snippet included a comment from Sarah Pinto, head of Robinhood Ventures, who said, “It’s not a winner‑take‑all market.”
Robinhood Ventures Fund I described the Cognition investment as aligning with its objective of expanding retail‑investor access to private‑market opportunities and highlighted the company as “one of the defining companies of the AI‑driven software era.”
Sources
- msn.com: Exclusive: Robinhood bets $10 million on AI coding tool maker Cognition after previously backing a rival
- pulse2.com: Robinhood Ventures Fund I Invests $10 Million In Cognition
Fan coverage from Devin Central — not an official Cognition announcement. Devin is a trademark of Cognition.