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Total amount raised
$596M
Latest funding date
2025-09-08
Location
Cognition has successfully raised funds through a Series C round, with its latest funding event occurring on September 8, 2025, led by Founders Fund. The company is an applied artificial intelligence lab focusing on building end-to-end software agents to support engineering teams.
What Is Cognition?
Cognition, founded in November 2023 by Walden Yan, is an applied artificial intelligence lab based in San Francisco, California. The company operates within the AI, generative AI, information technology, and internet industries.
With a team of 11-50 employees, Cognition focuses on developing end-to-end software agents to support engineering teams. Their main product, Devin, is designed to act as a collaborative AI teammate, enhancing the efficiency and innovation of engineering projects.
How Much Funding Has Cognition Raised?
- Series A
- Amount Raised: $21M
- Date: March 2024
- Lead Investors: Founders Fund
- Valuation at Round: ~$350M (pre-money)
- Motivation Behind the Round: To accelerate the development of their AI software agents and launch Devin.
- Series A Extension
- Amount Raised: $175M
- Date: April 2024
- Lead Investors: Founders Fund
- Valuation at Round: $2B
- Motivation Behind the Round: To expand the engineering team and enhance product capabilities following rapid traction with Devin.
- Series B
- Amount Raised: Undisclosed (valuation ~$4B)
- Date: March 18, 2025
- Lead Investors: 8VC (co-led with Lux Capital per multiple sources)
- Valuation at Round: ~$4B
- Motivation Behind the Round: To scale Devin's adoption across enterprise engineering teams and grow revenue.
- Series C
- Amount Raised: $400M
- Date: September 8, 2025
- Lead Investors: Founders Fund
- Valuation at Round: $10.2B
- Motivation Behind the Round: To advance the frontier of AI coding agents, support Windsurf acquisition integration, and scale ARR growth from $1M (September 2024) to $73M (June 2025).
Total Amount Raised: at least $596M based on disclosed funding (Series B amount undisclosed). Current Valuation: $10.2B (as of September 2025).
Key Investors
- Founders Fund
- Details: Founders Fund is a San Francisco-based venture capital firm founded by Peter Thiel, Ken Howery, and Luke Nosek. The firm is known for its investments in transformative technology companies.
- Investment Focus Areas: Technology, healthcare, aerospace.
- Notable Investments: SpaceX, Facebook, Airbnb.
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm founded by Vinod Khosla, co-founder of Sun Microsystems. The firm focuses on impactful technology investments.
- Investment Focus Areas: Clean technology, healthcare, artificial intelligence.
- Notable Investments: Square, DoorDash, Impossible Foods.
- 8VC
- Details: 8VC is a venture capital firm based in San Francisco, co-founded by Joe Lonsdale. The firm invests in companies that aim to create long-term economic and societal value. 8VC led (or co-led) Cognition's Series B in March 2025.
- Investment Focus Areas: Enterprise software, healthcare, logistics.
- Notable Investments: Palantir, Wish, Guardant Health.
- Lux Capital
- Details: Lux Capital is a venture capital firm that invests in counter-conventional science and technology ventures. Lux co-led Cognition's Series B alongside 8VC and participated in the Series C.
- Investment Focus Areas: Deep tech, life sciences, defense.
- Notable Investments: Lux has backed numerous frontier science and tech companies.
- Bain Capital Ventures
- Details: Bain Capital Ventures is the venture capital arm of Bain Capital, focused on early-stage and growth-stage technology companies. Bain joined Cognition as a new investor in the Series C.
- Investment Focus Areas: SaaS, fintech, infrastructure.
- Notable Investments: DocuSign, SurveyMonkey, LinkedIn.
What's Next for Cognition?
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