Cognition, the startup behind the viral AI coding agent Devin, introduced in a weblog publish on Monday that it has signed a definitive settlement to amass 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 staff behind. Google’s deal occurred simply hours after OpenAI’s $3 billion provide to amass Windsurf expired, clearing the best way for the AI coding startup to discover different choices.
The frenzy to amass 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,” mentioned 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 publish on LinkedIn. “To our new teammates at Cognition: we at Windsurf really feel extremely fortunate to be becoming a member of a staff 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 embrace its AI-powered built-in improvement surroundings (IDE), alongside the entire staff who weren’t employed by Google.
Cognition didn’t announce the value it paid for Windsurf; nonetheless, the corporate says Windsurf reached $82 million in annualized recurring income (ARR), with enterprise ARR doubling quarter-over-quarter. Cognition says Windsurf’s consumer base reached at the very least 350 enterprise clients and “a whole bunch of hundreds” of each day energetic customers.
Windsurf’s staff will give attention to constructing out Devin, Cognition’s AI coding agent, within the intermediate time period, the corporate mentioned in a press launch. Finally, Cognition says it would combine Windsurf’s IP and capabilities into its personal merchandise.
Over the weekend, The Info reported that Windsurf staff who had joined within the final yr didn’t obtain a payout in Google’s billion-dollar reverse-acquihire. Cognition notes in its weblog publish that 100% of Windsurf staff will take part financially on this deal and have vesting cliffs waived for his or her work up to now.
It is a creating story…
