Cognition valued at $10.2 billion two months after Windsurf purchase

Cognition, the artificial intelligence startup that acquired Windsurf successful July, said connected Monday that it closed a $400 cardinal backing circular astatine valuation of $10.2 billion, which includes the caller capital.

The developer of an AI bundle technologist called Devin, Cognition was thrust into the spotlight 2 months ago, erstwhile it jumped successful to buy Windsurf, days aft that startup's founders and apical researchers near to articulation Google.

Windsurf had been successful talks with OpenAI astir a multibillion-dollar acquisition, but those talks fell apart, starring to the Google deal, which included a $2.4 cardinal payout from the hunt elephantine for licensing fees and compensation.

"We'll proceed to put importantly successful some Devin and Windsurf, and our customers are already seeing however almighty the operation is together," Cognition CEO Scott Wu wrote successful Monday's blog post.

The woody puts cognition into the $10 cardinal club, joining a handful of different AI startups, astir notably OpenAI and Anthropic. Last week, Bret Taylor's AI startup Sierra Raised $350 cardinal astatine a $10 cardinal valuation.

Peter Thiel's Founders Fund led Cognition's latest backing round, with further backing coming from Lux Capital, 8VC and Bain Capital Ventures.

Since acquiring Windsurf, Cognition's yearly recurring revenue, oregon ARR, has much than doubled, Wu said. Growth has besides accelerated, helium added, arsenic the combined endeavor ARR is up much than 30% pursuing the acquisition.

Jeff Wang, who became CEO astatine Windsurf aft the founders near for Google, wrote successful a LinkedIn station connected Monday that customers volition payment from the adjacent transportation betwixt the companies' products.

"It's been rather an eventful past fewer months, and present it's clip to amusement what we're made of," Wang wrote.

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