Cognition, maker of the AI coding agent Devin, acquires Windsurf
Cognition, the startup behind the viral AI coding agent Devin, introduced in a weblog submit on Monday that it has signed a definitive settlement to accumulate AI coding startup Windsurf.
The announcement comes simply days after Google employed away Windsurf’s CEO Varun Mohan, co-founder Douglas Chen, and analysis leaders in a $2.4 billion deal, a reverse-acquihire that left the remainder of the startup’s 250-person crew behind. Google’s deal occurred simply hours after OpenAI’s $3 billion provide to accumulate Windsurf expired, clearing the way in which for the AI coding startup to discover different choices.
The frenzy to accumulate Windsurf represents a brand new peak within the insane race to develop AI coding merchandise.
“The final 72 hours have been the wildest rollercoaster trip of my profession,” stated Jeff Wang, Windsurf’s former head of enterprise, who was made interim CEO of the startup days in the past after Google employed the startup’s leaders, in a submit on LinkedIn. “To our new teammates at Cognition: we at Windsurf really feel extremely fortunate to be becoming a member of a crew that shares our imaginative and prescient, our deep dedication to our customers, and – most significantly – our values.”
Cognition says it’s buying Windsurf’s IP and product, which embody its AI-powered built-in improvement surroundings (IDE), alongside the entire workers who weren’t employed by Google.
Cognition didn’t announce the value it acquired Windsurf for; nevertheless, the corporate says Windsurf reached $82 million in annualized recurring income (ARR), with enterprise ARR doubling quarter-over-quarter. Cognition says Windsurf’s person base reached at the very least 350 enterprise clients and “tons of of hundreds” of day by day energetic customers.
Windsurf’s crew will concentrate on constructing out Devin, Cognition’s AI coding agent, within the intermediate time period, the corporate stated in a press launch. Finally, Cognition says it is going to combine Windsurf’s IP and capabilities into its personal merchandise.
Over the weekend, The Info reported that Windsurf workers who had joined within the final yr didn’t obtain a payout in Google’s billion-dollar reverse-acquihire. Cognition notes in its weblog submit that 100% of Windsurf workers will take part financially on this deal, and have vesting cliffs waived for his or her work thus far.
It is a creating story…