Factory CEO just accused his VC board adviser of spying for Cognition
VC Chris Degnan and former board adviser to Factory AI has taken a job as chief revenue officer for competitor Cognition — and everyone is arguing on X about it.
VC Chris Degnan and former board adviser to Factory AI has taken a job as chief revenue officer for competitor Cognition — and everyone is arguing on X about it.
SpaceX was reportedly in talks to buy AI coding startup Cognition. SpaceX has already acquired Cursor as it races to catch up to rivals like OpenAI and Anthropic in enterprise AI.
Cognition may be looking to raise another mega round just a few months after raising $1 billion at a $26 billion valuation.
As Cognition reaches $492 million in annualized revenue run rate, it more than doubled its valuation in eight months, it says.
Cognition makes Devin, the first and arguably most successful AI coding agent. But famed coder Wu says it isn’t designed to supplant human programmers.
The acquisition brings Poke’s conversational style and interaction model to Cognition’s coding agent Devin, reflecting a growing belief that how AI assistants interact with users is as important as the models powering them.