Devin 2.0 Launches With Massive Price Cut
The autonomous AI coding agent Devin has released version 2.0, drastically cutting its price from $500 to just $20 per month. Its creator, Cognition, also acquired the Windsurf agent platform and secured enterprise deals with Goldman Sachs and Santander. The moves signal a strategic shift from a high-end tool to a mainstream developer utility.
Cognition AI, the startup behind Devin, was founded in November 2023 by competitive programming champions Scott Wu, Steven Hao, and Walden Yan. The company quickly amassed significant capital, raising $196 million within its first few months and reaching a $10.2 billion valuation by late 2025, backed by investors like Peter Thiel's Founders Fund. The acquisition of Windsurf followed a dramatic bidding war where OpenAI's planned $3 billion purchase was thwarted, leading Google to poach Windsurf's CEO and key staff in a $2.4 billion talent and licensing deal. Cognition then acquired Windsurf's remaining assets, including its agentic IDE, intellectual property, 350+ enterprise customers, and an annual recurring revenue of $82 million. Devin 2.0 shifts from a standalone agent to an "agent-native IDE experience," allowing developers to run multiple Devin instances in parallel within a cloud environment. New core features include "Interactive Planning," where the agent proposes a task plan for human approval, and "Devin Wiki," which automatically generates codebase documentation and architecture diagrams. The new pricing model is based on "Agent Compute Units" (ACUs), a pay-as-you-go system for the agent's active work time. The $20 "Core" plan offers ACUs at $2.25 each, while the $500 "Team" plan includes 250 ACUs, pricing them at $2.00 each. This structure replaces the original version's flat $500 monthly fee. Major enterprise adoption signals Devin's move into production workflows. Goldman Sachs began deploying Devin across its 12,000 developers in July 2025 to handle tasks like updating legacy code and writing tests. Santander, Nubank, and Dell are also among its publicly named enterprise customers. Unlike AI assistants that act as copilots within a developer's local editor, Devin operates autonomously in its own sandboxed cloud environment with its own shell, editor, and browser. The primary workflow is task delegation, handing off a goal for Devin to execute, rather than the continuous co-editing model seen in tools like Cursor.
