Cognition
AI codingAI lab that sells Devin, an autonomous AI software engineer, plus Devin Desktop (the IDE formerly called Windsurf) and its own SWE coding models.Source cognition.com (company site)
- What the company does
- AI lab that sells Devin, an autonomous AI software engineer, plus Devin Desktop (the IDE formerly called Windsurf) and its own SWE coding models.
- Sector
- AI coding agents
- Last round
- Series E, over $2B at $48B, 2026-09-08
- Position size (illustrative)
- $12.0M · made-up fund, not a fact about Cognition
New information
Previous decisions
SofiaExampleaccepted Buoy's action· Sep 15· Proposed
Ask Cognition for win rates against Factory in enterprise deals.
On: Rival Factory raised $200M at a $5B valuation
PriyaExampleaccepted Buoy's action· Aug 14· Proposed
Review the buyer assumptions and transaction comparability with the investment team before changing the exit case.
On: SpaceX completed its purchase of Cursor
Likely buyers
Likely buyers
No buyer moved down between 2026-08-13 and 2026-10-25. 1 new on the list.
- Why
- agreed to buy Ona (2026, adjacent) ona.comCompany siteQuote supports only part of thisinferred1 more reason is not shown: its quote does not name both companies.
- Why
- 2 more reasons are not shown: their quotes do not name both companies.
- Why
- agreed to buy GitHub (2018, adjacent) news.microsoft.comPress releaseQuote supports only part of thisinferred1 more reason is not shown: its quote does not name both companies.
- Why
- 1 more reason is not shown: its quote does not name both companies.
Not ranked: no reason counts on this date (1)
It bought Cursor, a direct rival of Cognition, on 2026-08-14; that lowers it for about 3 years. cursor.comCompany siteannounced
- Why
- No reason on file except a deal that counts against it.
Cognition has 4 ranked likely buyers on 2026-10-25. Buoy lists a buyer only when it can quote a public reason for it, so a short list is what the sources support, not rows left out.
Next steps for the change on 2026-08-14
Partner · this month
Review Cognition's likely buyer list now that SpaceX has bought Cursor.
SpaceX bought Cursor on 2026-08-14, so Buoy moved SpaceX down Cognition's likely buyer list.