From the source
The company acquired Windsurf, more than doubling its ARR, and combined enterprise ARR grew over 30% in the seven weeks post-acquisition.
Devin ARR grew from $1M to $73M between September 2024 and June 2025.
Funding, growth, and the next frontier of AI coding agents
Cognition raised over $400M at a $10.2B valuation led by Founders Fund.
Company news
From the source
Cognition has raised over $400M at a $10.2B post-money valuation led by Founders Fund. Other existing investors are similarly doubling down including Lux Capital and 8VC (who jointly led our previous round), Neo, Elad Gil, Definition Capital, and Swish VC. We’re also joined by new investors including Bain Capital Ventures, Hanabi Capital, and D1 Capital. Our acquisition of Windsurf more than doubled our ARR. More importantly, it gave us the complete product suite for AI coding. Growth has accelerated post-acquisition: combined enterprise ARR at Cognition is up over 30% in the seven weeks post buying Windsurf.
cognition.com
