Corporate software developer based on artificial intelligence, Cognition AI Inc, has successfully completed a new funding round, resulting in a market valuation of $10.2 billion. As part of the deal, the startup received $400 million in investments.
This is reported by Business • Media
Dynamic Revenue Growth and Client Base Expansion
The leading investor in this round was Founders Fund, founded by Peter Thiel. Other contributors to the funding included Lux Capital, 8VC, Neo, Elad Gil, Definition Capital, and Swish Ventures. The company’s valuation has more than doubled compared to the beginning of the year when Cognition AI was valued at $4 billion.
The startup’s main product is the innovative programming tool Devin, which is positioned as “the world’s first AI-based software engineer.” Over the past nine months, revenue from its use has increased from $1 million (September 2024) to $73 million (June 2025).
A significant impact on the business came from the acquisition of the startup Windsurf in July 2025, after which Cognition AI’s revenues doubled. Analysts consider this deal one of the most important for the company. Shortly before the acquisition, Google signed a licensing agreement for Windsurf’s technologies worth $2.4 billion and hired some key employees. Cognition AI quickly integrated Windsurf and its clients, allowing for an annual revenue increase of more than 30% through cross-selling.
Development Strategy and Future Plans
Cognition AI’s clients include global corporations such as Goldman Sachs, Citigroup, Palantir, and Dell. The company’s management is confident that the synergy between Windsurf and Devin products will strengthen Cognition AI’s position in the competitive landscape against technology giants like Google, Microsoft, and Amazon.
Co-founder and CEO of Cognition AI, Scott Wu, stated that the received investments will be used to expand the engineering team, accelerate research and development, and launch new products to the market.
“As the game becomes increasingly larger, it is crucial to have capital on hand,” he noted in an interview with Bloomberg.
Additionally, the company has launched a stock buyback program for some Windsurf employees and continues to actively expand its workforce in various areas. Cognition AI emphasizes that a high-intensity work culture remains a fundamental principle of the startup’s operations.