✦ AI AI Company Comparison

Cognition vs Faire — IPO & Funding Comparison

Side-by-side IPO readiness, funding history, and valuation comparison. Data sourced by TechStackIPO.

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Some data on this page may be outdated. We're verifying.
Cognition: verified Jul 8, 2026. Data for Faire last verified: Jul 3, 2026.
Metric Cognition Faire
Valuation$6.5B$12.4B
Total Funding$525M$1.7B
IPO StatusPre-IPOPrivate
SectorArtificial IntelligenceE-commerce
StageSeries BSeries H
HeadquartersSan Francisco, CASan Francisco, CA
CEOScott WuMax Rhodes
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Cognition

Cognition is the AI coding agent company behind Devin — the first AI software engineer to pass the leading engineering interview benchmarks. Valued at $2B with $200M raised from Founders Fund, Cognition is building autonomous AI agents that write, test, and deploy production code. Major IPO candidate as AI coding agents replace junior developers across the $500B+ software industry.

IndustryArtificial Intelligence
StageSeries B
IPO StatusPre-IPO
Valuation$6.5B
Total Funding$525M
HeadquartersSan Francisco, CA

Faire

Faire is the wholesale marketplace connecting 700K+ independent retailers with 100K+ emerging brands — the B2B commerce platform for the indie retail economy. Valued at $12.4B with $1.7B raised, Faire processes billions in annual GMV and is the dominant wholesale marketplace globally. IPO candidate as B2B commerce digitisation continues to disrupt traditional wholesale distribution — a $50B+ global market.

IndustryE-commerce
StageSeries H
IPO StatusPrivate
Valuation$12.4B
Total Funding$1.7B
HeadquartersSan Francisco, CA

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Frequently Asked Questions

What is the Cognition vs Faire valuation in 2026? +

Cognition is valued at $6.5B. Faire is valued at $12.4B. Both figures are based on the most recent funding rounds tracked by TechStackIPO.

Which is more likely to IPO first — Cognition or Faire? +

Cognition is currently pre-IPO. Faire filed an S-1 in April 2026 and is actively in the IPO pipeline. Track both companies on TechStackIPO for S-1 filings, roadshow announcements, and IPO date updates.

How much has each company raised in total funding? +

Cognition has raised $525M. Faire has raised $1.7B.

Are Cognition and Faire in the same sector? +

Cognition operates in Artificial Intelligence, while Faire operates in E-commerce.

What are the key differences between Cognition and Faire as investments? +

Cognition is a Artificial Intelligence company valued at $6.5B with $525M raised. Faire is a E-commerce company valued at $12.4B with $1.7B raised. See TechStackIPO's full side-by-side comparison for IPO readiness scores, funding timelines, and investor access options.

How can I invest in Cognition or Faire before their IPO? +

Accredited investors can access pre-IPO shares in Cognition and Faire through secondary market platforms, pre-IPO funds, and broker-dealer platforms that facilitate private company transactions. TechStackIPO's marketplace section tracks available access options for both companies. Pre-IPO investments carry higher risk and limited liquidity.