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Cognition

cognition.aiadded 2026-09-02
Valuation jumped from $10.2B to $26B in 8 months — this is a Windsurf-acquisition-driven premium, not a pure ARR multiple repricing; whether the next round holds this slope is the thing to watch● Hiring

Worth-Joining Index · Scorecard

v2.1 ALPHA · 2026-08

Career Score

/100

Coverage

65%

Verified

25%

Stage cohort

Late

Vibe Check

🎪 community voting coming soon

Momentum
4/4
Efficiency
5.5/6
Backing
5/5
Market
7.7/11
Product
7.7/11
Upside
6/16

Latest valuation

$26B (Series D, 2026-05)

Funding round · 2026-05

ARR

~$492M ARR run-rate

AI编程开发者工具自主智能体Founded · 2023Stage · Late Stage (Series D)HQ · San Francisco

Traction · Key numbers

ARR~$1M (Sep 2024) → $73M (Jun 2025) → ~$492M (May 2026) Publicly verifiableas of 2025-09
Valuation paceValuation jumped from $10.2B (Sep 2025) to $26B (May 2026) in 8 months Publicly verifiableas of 2026-05
Cash efficiencyNet burn stayed under $20M/year through its first two years Publicly verifiableas of 2025-09
ARR~$492M ARR run-rate (2026-05)Company's own blog post announcing Series D Publicly verifiableas of 2026-05

Funding

Rounds

2

Valuation pace

$10.2B

$1B+

Funding round · 2026-05 · valuation $26B post (Series D, 2026-05) · led by Lux Capital, General Catalyst, 8VC

TechCrunch-reported $25B pre-money round

$400M

Funding round · 2025-09 · valuation $10.2B · led by Founders Fund

With: Lux Capital, 8VC, Elad Gil, Definition Capital, Bain Capital Ventures · Closed two months after the Windsurf acquisition

Valuation jumped from $10.2B to $26B in 8 months — this is a Windsurf-acquisition-driven premium, not a pure ARR multiple repricing; whether the next round holds this slope is the thing to watch

ARR went from $73M (Jun 2025) to ~$492M (May 2026) — over 6x in under a year, striking growth but still early-base effects, durability unproven

Founders Fund, Lux Capital, General Catalyst, and 8VC keep doubling down, showing top-tier conviction in the 'AI software engineer' category — but also a herding-risk signal worth flagging

Founders

Scott Wu CEO

IOI gold medalist, co-founder and CEO of Cognition

Steven Hao Co-founder

Co-founder of Cognition

Walden Yan Co-founder

Co-founder of Cognition

Reality · Working here

H1B / PERMUnknown
Remote policyUnknown
Comp modelUnknown
GlassdoorUnknown — work here? Help us fill this in →
Equity liquidityUnknown
Hiring statusCareers page lists 91 open roles across G&A, R&D, marketing, customer engineering, and sales Company-claimedas of 2026-09

Signals & Risks

CompetitorsCursorGitHub CopilotAnthropic Claude Code
ValuationValuation reportedly jumped from $10.2B to $47B in about 10 months, far outpacing revenue-proven growth
Integration riskPost-acquisition integration of Windsurf is still underway, after Windsurf's core team was previously poached via a Google reverse-acquihire
CompetitionThe AI coding space is crowded, with Cursor, GitHub Copilot, and model labs' own coding agents as direct competitors

Editorial ✎

Good fit for

· Senior engineers who want to work at the frontier of autonomous coding agents — Devin isn't autocomplete, it's an agent architecture that owns end-to-end tasks

· People with M&A integration experience who can keep engineering culture coherent through rapid expansion — the Windsurf integration is a live, ongoing challenge

· Those comfortable with high valuation and high visibility, willing to work under external scrutiny (benchmarked constantly against Cursor and others)

Not for

· People who want a steady cadence and a predictable roadmap — both valuation and product direction are being pushed hard by the capital narrative

· Those sensitive to post-acquisition attrition — Windsurf's core team was already poached by Google once, and trust-rebuilding is still underway

Ask in the interview

1. How much of the $492M ARR is consolidated Windsurf revenue versus organic Devin growth?

2. What's the actual status of the Windsurf integration, and what's the retention rate of its core technical staff?

3. Facing direct competition from Cursor, GitHub Copilot, and in-house agents from OpenAI/Anthropic, what specifically is Cognition's moat?

Data changelog

Community corrections → editorial review → applied, fully on the record

2026-09-02
最近一轮领投机构 filled in as Lux Capital, General Catalyst, 8VC

data as of 2026-05 · Source: Cognition company blog

Publicly verifiable
2026-09-02
最近一轮估值 filled in as $26B post (Series D, 2026-05)

data as of 2026-05 · Source: Cognition company blog

Publicly verifiable
2026-09-02
ARR / 年化收入 filled in as ~$492M ARR run-rate (2026-05)

data as of 2026-05 · Source: Cognition company blog

Publicly verifiable
Spot an error? Submit a correction → — you can correct facts, never negotiate scores.

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