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Cognition

Maker of Devin, the AI software engineer; acquired Windsurf in 2025
AI 📍 San Francisco, CA Founded 2023
Current Valuation
$10B
as of 2025-Q3
DECACORN

IPO Outlookprivate

Is Cognition going public?
No. Cognition is private and has not filed to go public. There is no S-1 on file.
What is Cognition's valuation in 2026?
Cognition is valued at $10B as of 2025-Q3, set by its Series C ($400M, Sep 2025). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Cognition filed an S-1?
No public S-1 is on file for Cognition.
Who are Cognition's investors?
Cognition's investors include Founders Fund, Khosla Ventures, 8VC, Peter Thiel.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Cognition is an applied AI lab focused on reasoning, best known for Devin, the autonomous AI software engineer launched in March 2024. In July 2025 Cognition acquired rival AI coding startup Windsurf for its IDE and team, and two months later raised a $400M round led by Founders Fund at a $10.2B valuation.

Company Profile

CEO
Scott Wu
Founded
2023
HQ
San Francisco, CA
Est. Revenue
$155M (2025)
Growth
Devin ARR scaled from $1M to $73M between Sep 2024 and Jun 2025
Last Round
Series C — $400M (Sep 2025) · Lead: Founders Fund
IPO Status
none

Fundraising Status

Series C · $400M · 11 mo ago
none

Secondary Market

Implied price / share
$137.73
Last round price / share
$125.93
vs last round
+9.4%
Open interest
16
Last round price vs secondary price
Last round vs current secondary price per share$126Last round$138Current
Secondary price return by period
Secondary market period returns3-month+164%6-month+143%1-year+12653%All-time+13673%
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →

Latest Funding Round

RoundAmountDateLead InvestorPost-Money
Series C$400MSep 2025Founders Fund

Vertical Intelligence — AI / ML

No verified Hugging Face organization found for Cognition — no attributable open-model footprint. Closed-weights labs are common; this is a distribution signal, not a capability judgment.
Checked huggingface.co as of 2026-08-19. Re-checked weekly.

Talent Signal

Hiring trend
First snapshot
trend accrues with monthly sweeps
Open roles
85
via ashby
Product-build share
46%
engineering, research, product, design
Trajectory
steady
product-led hiring — 46% of open roles build product; the rest are go-to-market and G&A.
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by month85Aug '26
Open roles by function
Open roles by functionEngineering26Other21Sales & GTM12Research11Ops & People7Legal & Policy3Data & ML1Marketing1Finance & Strategy1
product-building   go-to-market / G&A
Research Engineer, Post-TrainingDeployed EngineerApplied AI Transformation ManagerProduct EngineerAI Support EngineerDeployed Engineer - Europe
Counted from Cognition's live job board as of 2026-08-17; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.

Founders & Key People

Scott WuSteven HaoWalden Yan

Investors

Founders Fund · Khosla Ventures · 8VC · Peter Thiel

Products

  • Devin (autonomous AI software engineer)
  • Windsurf (code editor)
  • DeepWiki

Competitors

Cursor · GitHub Copilot · Anthropic Claude Code · Replit
AICode AgentsDeveloper ToolsUnicorn
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q3. Refreshed quarterly.