Cognition stock
Private-market facts for current and former Cognition employees researching their stock.
Overview
Cognition builds Devin, an AI software engineering agent that can autonomously write, debug, and deploy code, capable of completing complex multi-step engineering tasks end-to-end.
Cognition outlook
For employees evaluating Cognition equity, a 1x base multiple suggests the stock may be close to fairly valued at current prices.
These estimates reflect modeled return scenarios, not guaranteed outcomes. Actual results depend on company performance, market conditions, share class, and timing.
Selling Cognition shares
Why shareholders consider selling
Shareholders in Cognition may explore liquidity for a number of reasons — diversifying a concentrated position, funding a personal financial goal, or simply reducing exposure to a single private holding. As a private company, Cognition does not trade on a public exchange, meaning employees and early shareholders cannot simply sell through a brokerage. Extended private timelines can leave shareholders waiting years for an exit event, which is why some choose to explore secondary-market options.
Can you sell Cognition stock?
Whether a shareholder can sell typically depends on what they hold and how it was acquired. Vested and exercised shares are generally more straightforward than unexercised options or unvested RSUs. Most private companies, including those in the Artificial Intelligence sector, impose transfer restrictions such as rights of first refusal or board approval requirements. The specific terms governing Cognition shares would be outlined in the holder's equity agreement or the company's governing documents.
What affects the value of Cognition shares?
The price a buyer is willing to pay for private shares is shaped by several factors: overall demand for the stock, the company's financial performance, broader Artificial Intelligence market conditions, and any recent private-market transaction activity. Data points such as the company's Series B round and its reported $10B valuation can help frame expectations, though they do not guarantee a transaction price.
What should holders check before selling
- The type of security held (common shares, preferred, options, RSUs)
- Whether the equity is fully vested and, for options, whether it has been exercised
- Any transfer restrictions, lock-up provisions, or company approval requirements
- Estimated net proceeds after applicable taxes and transaction fees
- Whether partial liquidity — selling a portion rather than the full position — may be a better fit
Tools for Cognition shareholders
Exploring equity in Cognition often raises questions about taxes, exercise timing, valuation, and exit outcomes. These tools can help you model different decisions using your own assumptions.
Latest funding round
Cognition most recently raised a Series B round in January 2025. The company was valued at $10B. Total funding raised to date is approximately $223M.
Lead investors in this round include Founders Fund.
Founders & company background
Cognition was founded in 2023 by Scott Wu, Steven Hao, Walden Yan and is headquartered in San Francisco, CA.
Investors
Industry
Similar private companies
Latest Cognition news
Frequently asked questions
- Is Cognition still a private company?
- Yes, Cognition is currently a private company.
- What is Cognition's latest funding round?
- Cognition's most recent known round is Series B, raised in January 2025.
- What is Cognition's valuation?
- Cognition's latest reported valuation is $10B.
- Who are the investors in Cognition?
- Notable investors include Founders Fund.
- Can I sell my Cognition stock?
- Private company shares can sometimes be sold on secondary markets. Speaking with a specialist who understands Cognition stock can help you evaluate your options.
Related pages
Last verified: 2026-04-13 · Cognition data compiled from funding disclosures, investor announcements, corporate filings, and public records.
Information on this page is compiled from publicly available sources and may be outdated or incomplete. This is not investment advice. Consult a qualified advisor before making financial decisions.