Cognition AI in Talks at $25B Valuation as Devin/Windsurf ARR Doubles to ~$1B

Summary

Cognition AI is in funding talks at a $25 billion valuation, more than 2x its September 2025 $10.2B mark, on the back of an estimated ARR jump from ~$400M to $800M-$1B since acquiring Windsurf in July 2025. Bloomberg reported the talks on April 25, 2026; the round is unconfirmed but possible leads include Andreessen Horowitz, Sequoia, Greenoaks, Thrive Capital, and Tiger Global (Founders Fund led the prior round). Windsurf 2.0 (April 15) integrated Devin as a cloud agent inside the IDE, added th