How Much Did Cognition AI, Inc. Raise? Funding & Rounds and Investors

Cognition AI, Inc. is an artificial intelligence company founded in 2023 by Scott Wu, Walden Yan, and Steven Hao. Based in San Francisco, Cognition AI operates in the information technology sector with a focus on developing advanced AI software agents such as Devin AI, the world's first AI software engineer. With a compact and talented team, Cognition AI harnesses the latest advancements in artificial intelligence to automate and revolutionize software development processes.

Cognition AI, Inc. funding history reflects a rapid and ambitious growth strategy. The company has raised a total of $196 million across three funding rounds. Starting with a $21 million Series A in March 2024 led by Founders Fund, Cognition quickly followed with a significant $175 million Series A extension in April 2024. This was later topped by a Series B round led by 8VC in March 2025. Key milestones include scaling its AI capabilities, expanding market presence, and accelerating the development of its flagship AI engineer, Devin. Cognition AI, Inc. investors include high-profile venture capital firms and industry leaders, supporting the company's mission to push the boundaries of AI-driven software development.

Funding Rounds

Series B - Undisclosed - March 18, 2025

This latest round, led by 8VC, aims to continue Cognition AI's rapid growth and the further development of its AI engineering solutions, strengthening its market leadership in artificial intelligence-driven automation.

Series A Extension - $175M - April 2024

The extension of the Series A round brought in $175 million, once again led by Founders Fund. The funds are dedicated to scaling Cognition AI’s core technologies, enhancing Devin AI’s capabilities, and expanding the company’s market footprint.

Series A - $21M - March 2024

Cognition AI’s $21 million Series A round, led by Founders Fund, was used to accelerate product development, boost engineering talent, and set the foundation for the company’s AI-driven strategy.

Key Investors

8VC

8VC is a leading venture capital firm that led Cognition AI, Inc.'s Series B round. Their investment demonstrates strong confidence in Cognition AI’s vision for revolutionary AI software agents and provides strategic resources to fuel long-term growth.

Founders Fund

Founders Fund, a renowned VC firm known for backing transformative tech companies, led both the Series A and Series A extension rounds. Founders Fund plays a pivotal role as a core Cognition AI, Inc. investor, offering capital, expertise, and industry connections essential for the company’s expansion.

Khosla Ventures

Khosla Ventures is an early-stage and growth venture capital firm with a focus on breakthrough technology. As a key Cognition AI, Inc. investor, Khosla Ventures supports the company’s mission to automate and enhance software engineering through AI.

Conviction

Conviction is a venture capital group specializing in early and growth-stage investments in breakthrough technology companies. Their involvement with Cognition AI highlights the company’s reputation and potential in the artificial intelligence space.

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