Cognition hits $48B valuation, signaling investors believe AI coding is far from a winner-take-all market
Cognition’s valuation multiple is higher than Cursor’s was before selling to SpaceX.
Cognition’s valuation multiple is higher than Cursor’s was before selling to SpaceX.
SpaceX was reportedly in talks to buy AI coding startup Cognition. SpaceX has already acquired Cursor as it races to catch up to rivals like OpenAI and Anthropic in enterprise AI.
Cognition may be looking to raise another mega round just a few months after raising $1 billion at a $26 billion valuation.
AI coding startup Cognition has acquired Poke, the AI assistant you text like a friend, in a deal valuing the startup in the low nine figures. The acquisition brings Poke’s conversational style and interaction model to Cognition’s coding agent Devin, reflecting a growing belief that how AI assistants interact with users is as important as the models powering them.
Founders Fund, the Peter Thiel-backed VC, led Cognition’s latest round, with participation from existing investors like Lux Capital, Joe Lonsdale’s 8VC, Elad Gil, Definition Capital and Swish Ventures.
Cognition is also laying off 30 employees. Those who take the buyout are expected to work 80+ hour weeks.
Days after AI coding startup Windsurf announced that it’s being acquired by Cognition, Windsurf startup Jeff Wang took to X to offer more details about the drama and uncertainty around the deal. Windsurf was previously reported to be in acquisition talks with OpenAI, but that deal fell apart, with Google DeepMind instead hiring the startup’s […]
Cognition, the startup behind the viral AI coding agent Devin, announced in a blog post on Monday that it has signed a definitive agreement to acquire AI coding startup Windsurf. The announcement comes just days after Google hired away Windsurf’s CEO Varun Mohan, co-founder Douglas Chen, and research leaders in a $2.4 billion deal, a […]