Cognition IPO status, timeline, valuation and S-1 filing tracker. Last updated August 2026.
| Industry | Artificial Intelligence |
| Stage | Series B |
| IPO Status | Pre-IPO |
| Valuation | $6.5B |
| Total Funding | $525M |
| Headquarters | San Francisco, CA |
| IPO Readiness Score | 70/100 |
| Founded | 2023 |
Track Cognition IPO status, valuation updates, and S-1 filing milestones on TechStackIPO. Last updated August 2026.
Cognition is the AI coding agent company behind Devin, the first autonomous AI software engineer. As of 2026, the company is valued at $6.5B and focuses on enterprise-grade AI agents that handle end-to-end software development tasks.
Cognition is in the pre-IPO phase as of August 2026. With an IPO readiness score of 70/100, the company ranks among the more IPO-ready companies in the Artificial Intelligence sector. Pre-IPO companies at this stage typically evaluate market conditions, complete board appointments, and engage underwriters before initiating the formal S-1 filing process.
Cognition is valued at $6.5B based on the most recent private market data. The company has raised a total of $525M in funding. Private market valuations are determined by the latest funding round and may differ from eventual IPO pricing, which reflects public market conditions, investor demand, and comparable company multiples at the time of listing.
Accredited investors may be able to access Cognition pre-IPO shares through secondary market platforms. These platforms facilitate private share transactions between existing shareholders (employees, early investors) and new buyers.
Risk factors: Pre-IPO investments are illiquid, carry higher risk than public market investments, and are typically restricted to accredited investors. Share availability and pricing depend on current shareholders willing to sell. TechStackIPO provides data and tracking tools but does not facilitate or recommend investments.
Funding rounds from seed through latest — Series A, B, C and beyond.
| Round | Date | Amount | Valuation | Lead Investor(s) |
|---|---|---|---|---|
| Series A | Feb 2024 | $21M | $350M | Peter Thiel, Patrick Collison |
| Series B | Apr 2024 | $175M | $2B | Founders Fund |
Total funding raised: $525M
Bear / base / bull scenarios based on current private market valuation and comparable IPO multiples.
| Scenario | Est. Valuation | Basis |
|---|---|---|
| Bear | $4.9B | Compressed multiples, delayed listing |
| Base | $6.5B | Last private round valuation |
| Bull | $9.1B | Strong market, premium AI/tech multiple |
Estimates are illustrative. Not investment advice. All figures based on publicly available data.
Cognition has an IPO readiness score of 70/100 on TechStackIPO. A high readiness score suggests IPO activity could occur within the next 1–2 years.
Cognition's last known private valuation is $6.5B. IPO valuations typically reflect current market conditions at time of listing and may differ from private market valuations.
Pre-IPO access options may include: (1) secondary market platforms such as Forge Global or EquityZen that facilitate private share sales, (2) ETFs holding pre-IPO companies or venture portfolios, and (3) direct secondary share purchases if eligible as an accredited investor. TechStackIPO tracks availability but does not facilitate investments.
No. Cognition has not yet filed an S-1 registration statement with the SEC as of TechStackIPO's latest data update.
Cognition operates in the Artificial Intelligence sector. TechStackIPO tracks multiple Artificial Intelligence companies from seed through IPO, including their funding rounds, valuations, and IPO readiness scores. You can compare Cognition against other Artificial Intelligence companies using TechStackIPO's comparison tool.
Cognition is at the Series B stage. The company has raised a total of $525M in funding. Companies at this funding stage are typically scaling operations, expanding market share, and evaluating public market timing.
Cognition is headquartered in San Francisco, CA. The company's location can influence IPO exchange selection, regulatory requirements, and investor interest. Companies headquartered in major tech hubs often benefit from proximity to venture capital networks and talent pools.