Cognition is an AI coding company founded in 2024 by Scott Wu. Recent coverage has focused on its funding and products: it raised $2 billion at a $48 billion valuation, with annualized revenue rising from $492 million to $900 million since May. It also released the SWE-2 coding model, became the first production customer on NVIDIA Vera Rubin systems at CoreWeave, and was involved in a dispute with rival Factory.
Benchmark says AI boom makes venture rule against backing rivals harder to keepBenchmark partners said at TechCrunch Disrupt that the AI boom makes the venture rule against backing direct rivals harder to keep. OpenAI and Anthropic already share many investors, and the conflict between Factory and Cognition highlights the tension.
38 Companies Join Crunchbase Unicorn Board In September, Led By Semiconductor, Fintech And Space TechA total of 38 companies joined the Crunchbase Unicorn Board in September, adding $71B in value. Semiconductors, financial services, and space technology led, with 21 US-headquartered companies and 6 from China. Through September, 311 companies have joined this year, on track for the second-highest year of unicorn creation after 2021. Cognition's valuation rose to $48B, Crusoe to $31B, and Mistral to $24.4B.
Factory CEO Accuses Board Advisor of Spying for CognitionFactory CEO Matan Grinberg said he fired board advisor Chris Degnan, alleging he leaked confidential information to rival Cognition; two hours later Degnan announced joining Cognition as CRO. Factory raised $200M at a $5B valuation this month, while Cognition raised $2B at a $48B valuation.
NVIDIA and CoreWeave Partner for Agentic AI ProductionAt CoreWeave Fully Connected, CoreWeave announced production availability of NVIDIA Vera Rubin NVL72 systems with Spectrum-X Ethernet networking, with Cognition as the first customer running production workloads. Early tests showed Vera Rubin achieving 4.8x higher token throughput versus GB200 NVL72. CoreWeave also launched CoreWeave Forge and plans to offer NVIDIA Vera, a CPU built for AI agents.
Meta's Muse launches on Mac with agentic actionsMeta's AI assistant Muse is now available on Mac, where it can work with files, messages, calendar, notes and mail inside native apps, with opt-in access and approval required for sensitive actions. After launching on mobile and web earlier this month and topping the U.S. App Store, the Mac app deepens competition among consumer AI agents.
Week's biggest funding: four $1B+ roundsU.S. startup funding surged: four companies raised $1B+ this week—The Boring Co. led with $3B, Cognition $2B, Motive $1.3B and Stoke Space $1B—pouring capital into transportation, AI, fleet management and reusable rockets and signaling continued large bets on AI and infrastructure.
GPT-6 Astra helps Devin test softwareCognition says GPT‑6 Astra improves Devin's ability to test software and demonstrate that it works, aiming to reduce engineer review time and accelerate shipping.
Cognition Unveils SWE-2 Coding ModelCognition launched SWE-2, a coding model scoring 50.0 on FrontierCode 1.1 Main—within one point of Fable 5.1 while 64% cheaper; it was post-trained from the 2.8T-parameter Kimi K3 and uses single-run RL across reasoning levels to improve cost-performance.
Cognition raises $2B at $48B valuationCognition said it raised $2 billion at a $48 billion valuation in a round led by Andreessen Horowitz, Accel, Founders Fund, General Catalyst and Avenir. The startup reported annualized run-rate revenue rising from $492 million to $900 million since May and was founded in 2024 by Scott Wu.
The A.I. Daily