Cognition AI, Inc.
About Cognition AI, Inc.
Company overview
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.
Keywords
Revenue
EBITDA
Valuation
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenues | $380 MM | $250 MM | $90 MM | $120 MM | $65 MM |
| Gross Profit | $190 MM | $125 MM | $45 MM | $60 MM | $32.50 MM |
| Net Income (Loss) | $43 MM | $25 MM | $9 MM | $12 MM | $6.50 MM |
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total Assets | $850 MM | $720 MM | $680 MM | $650 MM | $600 MM |
| Total Liabilities | $450 MM | $400 MM | $380 MM | $350 MM | $320 MM |
| Total Equity | $400 MM | $320 MM | $300 MM | $300 MM | $280 MM |
Ratios
Employee Figures
Key Executives
| Name | Title | Socials | Phone | |
|---|---|---|---|---|
| John Doe | Employee | ---------- | ---------- | ---------- |
| Jane Doe | Employee | ---------- | ---------- | ---------- |
| John Doe | Employee | ---------- | ---------- | ---------- |
| John Doe | Employee | ---------- | ---------- | ---------- |
401K
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
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
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
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%
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