Cognition
Summary active Updated May 28, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
Founders
About
Cognition is a San Francisco-based AI coding company founded in 2023 by CEO Scott Wu, Steven Hao, and Walden Yan — all gold medalists at the International Olympiad in Informatics — and is the maker of Devin, the autonomous AI software engineer first demoed in March 2024 123. The company reports $492M in annualized revenue run-rate and enterprise usage of Devin growing 50% month-over-month for six months; named customers include Mercedes-Benz, NASA, Goldman Sachs, and Santander 12. The $1B+ round announced May 27, 2026 was co-led by Lux Capital, General Catalyst, and 8VC at a $25B pre-money / $26B post-money valuation with participation from Elad Gil, Soma Capital, Omri Casspi, Founders Fund, Ribbit Capital, Atreides, and Layer Global; the round more than doubles the $10.2B valuation from Cognition’s $400M September 2025 round 123.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-05-27 | Growth | $1B+ (at $26B post-money) | Lux Capital, General Catalyst, 8VC | Elad Gil, Soma Capital, Omri Casspi, Founders Fund, Ribbit Capital, Atreides, Layer Global 123 |
| 2025-09-08 | Growth | $400M (at $10.2B post-money) | Founders Fund | Lux Capital, 8VC, Neo, Elad Gil, Definition Capital, Swish VC, Bain Capital Ventures, Hanabi Capital, D1 Capital 456 |
| 2024-04 | Series A extension | $175M (at $2B post-money) | Founders Fund | 8VC, Elad Gil, Khosla Ventures, Conviction Partners 237 |
| 2024-03 | Series A | $21M (at $350M post-money) | Founders Fund | Not publicly named 238 |
What Investors Say
No independently sourced investor quotes found at this time.
What Founders Say
No independently sourced founder quotes found at this time.
Sources
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TechCrunch, “AI coding startup Cognition raises $1B at $25B pre-money valuation,” May 27, 2026. Accessed May 2026. https://techcrunch.com/2026/05/27/ai-coding-startup-cognition-raises-1b-at-25b-pre-money-valuation/↩↩↩↩
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Cognition AI, “Cognition AI,” Wikipedia, accessed May 2026. https://en.wikipedia.org/wiki/Cognition_AI↩↩↩↩↩↩
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Contrary Research, “Report: Cognition Business Breakdown & Founding Story,” accessed May 2026. https://research.contrary.com/company/cognition↩↩↩↩↩
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TechCrunch, “Cognition AI defies turbulence with a $400M raise at $10.2B valuation,” September 8, 2025. Accessed July 2026. https://techcrunch.com/2025/09/08/cognition-ai-defies-turbulence-with-a-400m-raise-at-10-2b-valuation/↩
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Cognition, “Funding, growth, and the next frontier of AI coding agents,” company blog, September 8, 2025. Accessed July 2026. https://cognition.com/blog/funding-growth-and-the-next-frontier-of-ai-coding-agents↩
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The AI Insider, “Cognition AI Closes $400M in Funding to Reach $10.2B Valuation Amid Rapid Growth,” September 9, 2025. Accessed July 2026. https://theaiinsider.tech/2025/09/09/cognition-ai-closes-400m-in-funding-to-reach-10-2b-valuation-amid-rapid-growth/↩
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Maginative, “Cognition AI Raises $175M at $2B Valuation, One Month After Series A,” April 2024. Accessed July 2026. https://www.maginative.com/article/cognition-ai-raises-175m-at-2b-valuation-one-month-after-series-a/ — Primary press for the April 2024 $175M Series A extension led by Founders Fund at $2B post-money valuation. Contrary Research separately confirms Conviction Partners as a participant in this round alongside 8VC, Elad Gil, and Khosla Ventures. ↩
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Sacra, “Cognition revenue, valuation & funding,” accessed July 2026. https://sacra.com/c/cognition/ — Independent funding-history aggregator confirming Series A ($21M, March 2024, Founders Fund lead, $350M val) and Series A extension ($175M, April 2024, Founders Fund lead, $2B val). ↩