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Cognition AI

Category: AI Agents

Devin is an autonomous AI agent designed to function as a software engineer. It can understand high-level human instructions, plan and execute complex engineering tasks, learn new technologies, and collaborate with human developers by reporting on its progress in real-time. Cognition AI was founded in 2023. The company is led by Scott Wu. Based in San Francisco Bay Area & New York, USA. Team size: 10-50. Total funding raised: $696M. Latest round: Series C. Key investors include ["Founders Fund","Patrick Collison","John Collison","Elad Gil","Daniel Gross","Tony Xu"].

Founded
2023
Headquarters
San Francisco Bay Area & New York, USA
Team size
10-50
Total funding
$696M

Value proposition

Automates end-to-end software development tasks, from coding and debugging to deployment, significantly increasing developer productivity and enabling teams to tackle more ambitious projects.

Products and solutions

["Devin"]

Unique value

Created the first widely recognized autonomous AI software engineer (Devin) that can independently handle entire development projects. It set a new record on the SWE-bench coding benchmark, resolving 13.86% of real-world GitHub issues end-to-end without assistance.

Target customer

Software development teams and large enterprises seeking to accelerate development cycles and augment their engineering workforce.

Industries served

["Technology","Financial Services"]

Technology advantage

Proprietary advances in long-term reasoning and planning allow its agent, Devin, to execute complex engineering tasks requiring thousands of decisions and learn over time.

How they differentiate

Positions itself as a true autonomous agent managing entire workflows, unlike competitors that function primarily as assistive co-pilots for code completion or generation.

Main competitors

["GitHub Copilot","Replit Ghostwriter","Magic.dev","Poolside AI"]

Key partnerships

["Goldman Sachs (Pilot customer)"]

Notable customers

["Goldman Sachs","Various undisclosed companies via early access programs."]

Major milestones

["Launched Devin, the first autonomous AI software engineer, in March 2024.","Secured a $21 million Series A round led by Founders Fund.","Raised an additional $175 million at a $2 billion valuation.","Initiated pilot programs with major enterprises like Goldman Sachs."]

Growth metrics

Achieved a $2 billion valuation within a month of its public launch and Series A announcement. Gained viral adoption and significant interest from enterprise clients.

Market positioning

Pioneer in the autonomous AI software engineer category, achieving significant market traction and a high valuation shortly after launch.

Geographic focus

Global

Patents and IP

Information not publicly available

About Scott Wu

Scott Wu is a seasoned entrepreneur and competitive programmer. He co-founded Cognition AI in 2023, serving as its CEO. Before Cognition, he co-founded and was the CTO of Lunchclub from 2017 to 2022. He also has experience as a software engineer at Addepar. His background in economics from Harvard University and his achievements in competitive programming, including multiple gold medals at the International Olympiad in Informatics, have shaped his career in AI and technology.

Official website: