Cognition AI, Inc.

New York, New York

Classification

Private

About

About

Cognition AI, Inc. is an artificial intelligence company focused on developing autonomous AI agents for software engineering tasks. Cognition AI aims to transform the software development process by creating AI tools that can independently write, debug, and manage complex coding projects, reducing the workload on human developers. The company emerged from stealth in March 2024 with its flagship product, Devin, positioning itself as a leader in applied AI for coding automation. Business/Product Breakdown Cognition AI offers Devin, an AI-powered coding assistant designed to function as an autonomous software engineer. Unlike traditional code completion tools, Devin can handle entire development projects, from spotting and fixing bugs to writing new code and migrating it across platforms. The product integrates advanced reasoning capabilities, voice interaction, and in-context learning, enabling it to understand codebases, search files, and execute tasks with minimal human intervention. Launched in March 2024 and updated to Devin 1.2 by January 2025, it targets developers and enterprises seeking to accelerate workflows and reduce cognitive load. Cognition also provides enterprise accounts with centralized management features for multiple workspaces, catering to organizations integrating AI into their development pipelines. The company's technology leverages large language models and proprietary systems to compete in the rapidly growing AI coding assistant market.

Financials

Revenue & Profit

Revenue

Valuation

Valuation

Ratios

Revenue / EBITDA
$123 MM
Valuation / Revenue
$123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

People

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee
--
Jane DoeEmployee
John DoeEmployee
John DoeEmployee

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

Deals

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

Funding

Keywords

Keywords

Classified

Private