Robinhood Ventures bets $10M on Devin maker Cognition

What's the deal? Robinhood Ventures has invested $10 million in Cognition, the company behind the AI programming tool Devin, according to Fortune.

The context: The check is modest by venture standards — it sits near the 35th percentile of comparable rounds — and marks Robinhood's second notable AI bet this year.

Why now? In April, Robinhood Ventures invested $75 million in OpenAI. The Cognition deal signals a multi-target strategy across AI development tools.

The signal: Robinhood, better known as a trading app, is spreading smaller bets across the AI tooling layer rather than concentrating on a single model lab. For Cognition, backing from a consumer-finance brand widens the pool of investors chasing AI coding assistants.

Read more: cointime.ai

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