Cognition AI funding rounds & valuation history
Cognition AI, the San Francisco maker of the Devin AI software engineer, which bought Windsurf in 2025. Funding from the Series A (Mar 2024) to the Series E (Sep 2026) plus later status rows, sourced to Cognition, TechCrunch, Crunchbase News and Business Insider.
Round history
Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.
| Date | Status | Round | Amount | Lead / buyer | Valuation | Val. ÷ run-rate | Source |
|---|---|---|---|---|---|---|---|
Reported talks |
Reported talks at $70B–$80BNot a closed round; Business Insider says terms could change. |
Not reported |
—Not disclosed |
$70B–$80B (reported)Reported talks (Business Insider, people familiar); CSV cells empty |
—Not disclosedTalks-stage or discussed figure; no multiple |
||
Closed round |
Series ECognition says “over $2B”; CSV uses $2B as the reported floor. |
$2B+ |
Andreessen Horowitz, AccelWith: Founders Fund, General Catalyst, Avenir |
$48BValuation stated by Cognition1.85× vs prior closed |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Series D |
$1B+ |
Lux Capital, General Catalyst, 8VCWith: Founders Fund, Elad Gil and others |
$26BPost-money, stated by Cognition; TechCrunch headline gives $25B pre-money2.55× vs prior closed |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Funding round (Sep 2025) |
$400M+ |
Founders FundWith: Lux Capital, 8VC, Neo, Elad Gil and others |
$10.2BPost-money, stated by Cognition5.10× vs prior closed |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Funding round (Apr 2024)Month only; press-reported, not announced by Cognition. |
$175M |
Founders Fund |
$2B (reported)Reported (Crunchbase News: “reportedly”); not company-stated |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Series A |
$21M |
Founders Fund |
Not disclosedNo company valuation stated by the source |
—Not disclosedNo run-rate stated in the announcement |
Valuation at each closed round
Valuations as stated or reported at each closed round with a disclosed figure; talks, tenders and filings are not plotted.
Sources: Cognition, TechCrunch, Crunchbase News, Business Insider. US$ billions, linear scale.
Timeline
Each round and share sale, oldest first.
- 12 Mar 2024 · Closed
Series A: $21M led by Founders Fund.
- Apr 2024 · Closed
Funding round (Apr 2024): $175M at $2B (reported) led by Founders Fund.
- 8 Sep 2025 · Closed
Funding round (Sep 2025): $400M+ at $10.2B led by Founders Fund.
- 27 May 2026 · Closed
Series D: $1B+ at $26B led by Lux Capital, General Catalyst, 8VC.
- 8 Sep 2026 · Closed
Series E: $2B+ at $48B led by Andreessen Horowitz, Accel.
- 28 Oct 2026 · Talks
Reported talks at $70B–$80B: Not reported.
Cite this dataset
Free to quote with a link back. Copy this citation:
Cognition AI Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/cognition-ai/
Download the data
The same 6 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.
- File
cognition-ai-rounds.csv(UTF-8, comma-separated)- Stable URL
https://growthnavigatefunding.net/wp-content/uploads/2026/11/cognition-ai-rounds.csv- Columns
id,date,date_precision,status,transaction_type,round,amount_usd_low,amount_usd_high,lead_or_buyer,co_leads,valuation_usd_low,valuation_usd_high,valuation_basis,valuation_to_run_rate_multiple,multiple_bound,multiple_basis,step_up_vs_prior_closed,price_per_share_usd_low,price_per_share_usd_high,shares,source,source_url,other_source_urls,notes,last_updated- Updated
- (IST)
Methodology & status definitions
How each row is labelled and calculated.
Closed round
A primary round announced by the company or confirmed in the press, bringing new money to the company.
Reported talks
A raise reported by the press as under discussion and not confirmed as closed. Not charted, not the last-closed valuation; no step-up or multiple.
Valuation ÷ run-rate
Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Where the run-rate is “crossed” or “over” a figure, the multiple is shown as “under X×”. No row qualifies here unless shown, so no multiple is invented.
What is not a separate row
The early-2025 round led by Lux/8VC (paywalled reports only); the Windsurf acquisition.
Updates & corrections
This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.
Changelog
- : Dataset first compiled (batch 3, not yet published).
Sources
- Cognition: Do it all with Devin: Announcing our Series E, 8 Sep 2026
- TechCrunch: Cognition hits $48B valuation…, 8 Sep 2026
- Cognition: More Devins in More Places (Series D), 27 May 2026
- TechCrunch: AI coding startup Cognition raises $1B at $25B pre-money valuation, 27 May 2026
- Cognition: Funding, growth, and the next frontier of AI coding agents, 8 Sep 2025
- TechCrunch: Cognition AI defies turbulence with a $400M raise at $10.2B valuation, 8 Sep 2025
- Cognition: Introducing Devin, the first AI software engineer, 12 Mar 2024
- Crunchbase News: The Week’s 10 Biggest Funding Rounds: Xaira And Other AI Startups Have Huge Week, Apr 2024
- Business Insider: AI coding startup Cognition is weighing a new funding round at a $70 billion to $80 billion valuation, 28 Oct 2026