Cognition Stock: A Smart Bet on AI?

Explore opportunities to invest in Cognition stock before a potential IPO.

Invest in leading AI, fintech, and data infrastructure startups at Fundrise Venture*. $10 minimum investment to gain exposure to the top AI pre-IPO companies. 

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Notable Cognition News

09/08/2025: Cognition raises $400M at a $10.2B Valuation
03/17/2025: Cognition AI Hits $4 Billion Valuation
04/25/2024: Cognition AI Raises $175M at $2B Valuation
03/30/2024: Cognition Labs Seeks $2 Billion Valuation
Older news…

About Cognition

Cognition is a San Francisco, California-based artificial intelligence (AI) startup developing autonomous AI software engineers designed to write, debug, and ship code with minimal human oversight.

It was founded in 2023 by Scott Wu, a former math prodigy and MIT graduate.

Cognition emerged from stealth in 2024 with a mission to build reasoning-capable AI systems that extend beyond text generation.

The company’s flagship product, Devin, is billed as the world’s first fully autonomous software engineer, capable of completing complex coding tasks end-to-end.

The name “Cognition” reflects the company’s focus on machine reasoning and human-like problem-solving abilities.

Cognition competes with AI LLM leaders like Anthropic, OpenAI, and AI-driven coding startups such as Replit, Lovable, and Anysphere. However, it stands out for its emphasis on AI coding autonomy rather than assistance.

Its technology could reshape software development and scaling across industries as interest in agentic AI grows.

Ownership

Cognition is a venture-backed startup. Current equity owners include the founders, employees, and prominent venture capital firms.

Prominent venture capital investors include Founders Fund, 8VC, Lux Capital, Elad Gil, Definition Capital, Swish VC, Bain Capital Ventures, Hanabi Capital, D1 Capital. Khosla Ventures, Conviction Partners, and Neo.

Funding Rounds

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Valuation

The latest confirmed Cognition valuation is $10.2 billion based on the September 2025 equity growth funding round. Secondary transactions on the Hiive platform confirm a substation spike in valuation in Q3 2025. 

IPO Potential

The Cognition IPO date is currently unknown and likely at least a few years away. The company only emerged from stealth in 2024. 

Despite raising funds at a $10+ billion valuation, the company is far from becoming a mature and viable long-term business.

Speculative investment dollars will help the company refine its business and grow, but they do not guarantee success. 

It is premature to be discussing an IPO. However, early and mid-stage companies can IPO if management is determined to do so.

But Cognition leadership has not indicated its preference or ambitions, and is likely heads down on growth. Much will depend on the broader IPO market.

If other AI companies debut and are met with enthusiasm, it entices others to move forward.  

Bookmark this page for the latest developments.

How to Invest in Cognition Stock

Pre-IPO companies have become increasingly available to accredited and non-accredited investors through venture capital funds and secondary marketplace investing platforms.

But as Cognition is still relatively young, pre-IPO shares are not yet widely available.

After the funding round that set the Cognition valuation above $10 billion, investors may start seeing secondary investment opportunities. 

1. Invest via pre-IPO marketplaces and funds

Shares may be offered for sale by early investors or employees before the IPO, especially if the company raises more venture capital.

At this early stage, however, employees are likely to see a growth opportunity and could choose to retain equity. 

Accredited investors can monitor platforms such as Hiive, EquityZen, and Forge Global for the latest pre-IPO availability. 

Minimum investments range from $5,000 to $50,000 or more on these platforms, and inventory varies.

Perform due diligence before investing, and consider the available valuations against multiple marketplaces for an accurate valuation. 

Non-accredited investors have fewer options for pre-IPO investing in any company, let alone one specific startup. 

Fundrise Venture (review) offers access to leading AI, fintech, and defense pre-IPO startups. There’s a $10 minimum investment to get started.

Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.

Check out our list of the top pre-IPO investing platforms for current share availability across platforms. 

2. Participate in the Cognition IPO through a broker

Cognition is still young. As it grows and matures, it may ultimately seek a liquidity event for investors via an IPO or acquisition. 

Venture capital firms and employees are patient, but will eventually encourage a mass liquidity event. IPOs serve this purpose.

If an IPO happens, most retail investors will not receive IPO shares. But savvy retail IPO investors may find opportunities to invest during the IPO when it arrives — acquiring shares at the IPO price the day before the stock begins trading on the open market. 

Once a privilege of the affluent clientele of Wall Street, IPO access has become increasingly accessible to retail investors.

The following online brokers give customers free access to IPOs, even with low account balances:

• TradeStation 
• Robinhood

TradeStation has a longer track record of accessing more than 400 IPOs and secondary offerings via its partnership with Click Markets. 

But Robinhood has the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs.

Read the S-1 filings to find mentions of these online brokers to find opportunities. 

Check out this list of the best brokers for IPO investing to learn more about IPO access for retail investors.

3. Buy the stock after the IPO

Most investors will not acquire pre-IPO shares or receive an allocation during the IPO. 

Waiting for startups to become publicly traded companies can have advantages. The IPO filing provides investors with access to financial data, and each subsequent quarter paints a more complete picture. 

IPO stock prices typically rise with high-demand companies. You can benefit if you’re in early and sell when the price overheats.

Without IPO access, post-IPO investors may be tempted to acquire shares at inflated prices. 

Avoid chasing over-inflated share prices right after the IPO. Stock price declines after IPOs can be excellent entry points.

Be selective and patient. The most disruptive companies are likely to experience higher valuations a decade from now.

Frequently Asked Questions (FAQs)

Is Cognition stock publicly traded?

No. Cognition is a private company and has not declared intentions to become publicly traded. 

What is the Cognition stock symbol?

There is no Cognition stock symbol yet because it is a private company.

Here are a few Cognition ticker suggestions that are available in the U.S.:

• COGN
• CGTN

What is the Cognition stock price?

A public Cognition stock price does not exist because the company is private. 

The September 2025 Series C funding round closed at $55.20 per share. Monitor pre-IPO marketplaces for more recent estimates. 

Where is the Cognition S-1 Filing?

Cognition has not released an S-1 filing to the public. There is no reporting of a confidential S-1 filing yet. 

News of a confidential or public S-1 filing would kick off the IPO process, suggesting the IPO could occur during the following months. 

I estimate the company is three to five years away from pursuing a public offering. 

When the company releases the S-1 filing to investors, we’ll link to and embed the document on this web page.

In the meantime, you can check out the most recent S-1 filings in our S-1 filings feed.

Cognition News Archive

03/12/2024: Cognition emerges from stealth

Conclusion

Cognition’s rapid rise from stealth startup to a $10+ billion valuation highlights the extraordinary investor appetite for agentic AI. But potential and valuation do not equal business acumen or durability.

The company’s technology — software that can autonomously code and debug — suggests a genuine step forward in practical AI, yet its commercial path remains unproven.

For now, Cognition appears focused on perfecting its technology rather than preparing for Wall Street scrutiny. This is a common business mindset, as private startups are progressively avoiding the public markets.

Investors eager to gain exposure must rely on limited pre-IPO opportunities, which carry high risk, weak transparency, and uncertain liquidity.

The firm’s next few years will test whether autonomous coding is a novelty or a lasting transformation in software development.

If Cognition can demonstrate sustainable revenue and real-world adoption, its IPO could become a milestone for AI-driven productivity.

Investors pursuing shares in Cognition stock can monitor pre-IPO platforms and progress toward an IPO.