Cognition AI defies turbulence with a $400M raise at $10.2B valuation

Cognition AI, the startup behind AI coding agent Devin, has hit a $10.2 billion valuation after raising $400 million, marking a jump from the company’s $4 billion valuation earlier this year, reports Bloomberg. 

Founders Fund, the Peter Thiel-backed VC, led Cognition’s latest round, with participation from existing investors like Lux Capital, Joe Lonsdale’s 8VC, Elad Gil, Definition Capital and Swish Ventures.

In July, Cognition acquired AI coding startup Windsurf, just days after Google poached the startup’s CEO, co-founder, and…