Cognition was founded in November 2023 by Scott Wu, Walden Yan, and Steven Hao.

[3][4][5] Originally the company was focused on cryptocurrency before moving to AI as it became a trend in Silicon Valley following the release of ChatGPT.

[2][3][4] Cognition boasted that its 10-person team as of March 2024 has won a total of 10 IOI gold medals.

Apart from its founders, other members of the team who are gold medalists include Wu's brother Neal and Andrew He.

[2] In April 2024, Founders Fund led a $175 million investment into Cognition valuing the company at $2 billion making it a Unicorn.