Cognition AI (Devin)

Private

Autonomous AI Software Engineer

Founded 2023San Francisco, CA~100 employees

Website

Valuation

$4B (2026)

Total Funding

$175M+

Profit Status

Pre-profit

Employees

~100

About Cognition AI (Devin)

Cognition AI is the developer of Devin, the world's first AI software engineer agent capable of autonomously completing complex engineering tasks end-to-end. Devin 2.0 (March 2025) dramatically reduced pricing from $500 to $20/month. Cognition also acquired Windsurf (Codeium IDE) for ~$250M in December 2025 and merged it into Devin Desktop. The company is valued at $4B and counts Goldman Sachs among its pilot customers.

Company History

Founded 2023 by former Competitive Programming world champions and researchers. Devin unveiled in March 2024 to massive media attention as the 'first AI software engineer'. Raised $21M seed (Founders Fund). Devin 1.0 was invite-only at $500/month. $175M Series A at $2B valuation (Founders Fund, Elad Gil, Patrick Collison, others) in 2024. Devin 2.0 (March 2025) cut price to $20/month, added collaborative mode. Acquired Windsurf (Codeium) IDE for ~$250M in December 2025, merging it into Devin Desktop. SWE-1.5/1.6 coding-specific models released 2026. Goldman Sachs pilot. $4B valuation by 2026.

Company Timeline

2023
Cognition AI founded
Mar 2024
Devin unveiled — 'world's first AI software engineer'; viral media coverage
2024
$175M Series A at $2B valuation (Founders Fund); Devin invite-only at $500/mo
Mar 2025
Devin 2.0 — price cut to $20/mo; collaborative mode; expanded access
Dec 2025
Acquired Windsurf (Codeium) for ~$250M
2026
SWE-1.5/1.6 coding models; Devin Desktop; Goldman Sachs pilot; $4B valuation

Products & Services

Devin 2.0 (AI software engineer)Devin Desktop (Windsurf IDE rebranded)Devin APISWE-1 / SWE-1.5 coding models

Company Details

Focus Area

Autonomous AI Software Engineer

Stage

Private

Founded

2023

Headquarters

San Francisco, CA