Cognition, an AI startup founded in 2024, has raised over $400 million, resulting in a valuation of $10.2 billion. The funding round, led by Founders Fund, saw participation from notable investors like Lux and Bain Capital Ventures. Cognition specializes in AI-driven coding tools, significantly increasing its annual recurring revenue from $1 million in September 2024 to $73 million by June 2025.
The company recently acquired Windsurf, an integrated development environment (IDE), which has accelerated its revenue growth, achieving over 30% growth in ARR shortly after the acquisition. Cognition emphasizes the importance of both IDEs and coding agents in enhancing software development, branding its AI coding agent, Devin, as a crucial asset for engineers.
Cognition’s clientele includes major companies like Goldman Sachs and Cisco, aiming to redefine software engineering, allowing developers to focus on creative problem-solving through innovative AI solutions. The company invites engineers aligned with its vision to join its growing team.
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