Scott Wu Net Worth: Devin AI Software Engineer, CEO of Cognition Labs

Scott Wu is the co-founder and Chief Executive Officer (CEO) of Cognition Labs, an artificial intelligence (AI) startup based in Silicon Valley. This startup, which did not exist as an official corporation until six months ago, has the whole technological community in a grapple.

Cognition AI claims to have made the world’s first AI software engineer, Devin. Devin works better than the prominent large language models (LLMs) like Gemini, Claude, and GPT-4. Devin was able to resolve 13.86% of open issues on Github, compared to 4.8% for Anthropic’s Claude and 1.8% for GPT-4.

Yeah, you read it right, this AI software engineer can complete entire websites and software programs by itself, all it needs is a text prompt. You could ask Devin to create a website to promote your local grocery and it will do just that. Without any extra input. It is fascinating, isn’t it? But what’s more intriguing than Devin is its developers.

Cognition has a total of 10 people, all of whom are exceptional coders. The startup was co-founded by Scott Wu, a brilliant coder who has been participating in and winning international coding competitions since he was a teenager. The other founders include Steven Hao, the chief technology officer of Cognition, and Walden Yan, who is the chief product officer. The team of 10 people has won 10 gold medals in International Coding Competitions.

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Scott Wu’s Net Worth

Unfortunately, as of today, we do not have any credible information available on Scott Wu’s net worth. However, Devin is turning out to be a cutting-edge tech; Cognition AI is gaining some serious backing from top investors, and it is expected that the wealth of the startup’s co-founders, though not known at the moment, will grow fast.

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Education

Scott Wu and his brother Neal Wu have been participating in coding competitions since they were teens and have won most of them. Like Scott, Neal is also a genius who has worked with major search businesses such as Facebook and Google Brain. We found a Reddit post of a young Scott Wu in a Mathlete where he answered faster than most people could read the questions.

Wu has been participating in and winning competitions on platforms such as Codeforces. He is kind of a legend in the competitive programming field and has earned the moniker “legendary grandmaster.”

Scott went to Harvard University, where he studied economics.

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Career

Scott Wu has a diverse professional background. He began as a Software Engineer at Addepar in 2014.

Three years later, he then co-founded Lunchclub, an artificial intelligence superconnector that enabled introductions for 1:1 video meetings. He served as the Co-Founder and Chief Technology Officer for five years and one month. Lunchclub was backed by top venture capital firms such as Lightspeed, Coatue, and a16z. In this role, he played a key role in the company’s development, overseeing technological advancements and contributing to its growth and success in the San Francisco Bay Area.

Currently, Scott holds the position of Co-Founder and CEO at Cognition, a role he has held since November 2023. In this capacity, he leads the company with strategic vision and innovation.

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Latest Updates

Cognition Labs, an AI company that made the popular software platform Devin, has gotten $175 million from investors. Its value has jumped to $2 billion just six months after starting.

Cognition Labs has launched Devin, an AI software developer that can code, complete engineering jobs on Upwork, and even tune its models. Devin surpasses GitHub and Microsoft’s Copilot, completing projects without human intervention. Users can view the tool’s command line, code editor, and workflow, and intervene if needed. Also, Devin can learn from educational materials and debug its own issues.

Scott Wu feels that Cognition Labs’ knowledge and expertise provide a competitive advantage. He wants to turn his team’s knowledge and talents into an AI system that can transform coding and reasoning. This young company had raised $21 million in funding from PayPal’s and Palantir’s founder Peter Thiel and other investors, including former Twitter executive Elad Gil.

Recently, the AI startup has been in talks with investors for a $2 billion valuation. The startup raised $21 million in a deal valuing it at $350 million, then turned down offers valuing it at $1 billion. If Cognition Labs completes its current round with a $2 billion valuation, its valuation will have increased sixfold in just weeks. Other artificial intelligence startups, like Perplexity and Mistral, have secured funding of $1 billion and $2 billion, respectively. As competition in the AI market continues to intensify, securing funding at a higher valuation will be crucial for Cognition Labs to stay ahead of its competitors.

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FREQUENTLY ASKED QUESTIONS

What is Cognition Labs?

Cognition Labs is an AI startup founded by Scott Wu, Steven Hao, and Walden Yan, who studied at Harvard University. It has developed the world’s first AI software engineer that can create websites and software programs on its own.

Who is Scott Wu?

Scott Wu is a coder who co-founded Cognition AI Labs, the startup behind Devin, the world’s first fully developed AI software engineer.

Raya

Raya is a tech enthusiast diving deep into New-Age technology, especially Artificial Intelligence (AI) and Machine Learning (ML). She is passionate about decoding the complexities and uses of new-age tech. Raya is on a mission to write articles that bridge the gap between technical jargon and everyday understanding, making AI and ML accessible to a wider audience.