Cognition AI vs Scale AI: employee equity compared
Secondary market prices, valuation trajectory, equity structure, and liquidity outlook for employees choosing between Cognition AI and Scale AI.
Cognition AI
Creator of Devin, the first fully autonomous AI software engineer.
IPO plausible 2027–2029 if growth trajectory holds. Secondary indication near primary round valuation. Liquidity may come via tender offer or strategic acquisition before listing.
High-growth AI play; ISO/NSO options; fast-moving valuations reward timing
Scale AI
Data-labeling and AI infrastructure platform powering training pipelines for OpenAI, Meta, Microsoft, and the US DoD.
IPO plausible 2027–2029 if growth trajectory holds. Liquidity may come via tender offer or strategic acquisition before listing.
High-growth AI play; ISO/NSO options; fast-moving valuations reward timing
Key differences for employees
Equity structure
Cognition AI grants ISO/NSO with strike prices ranging from $10–$20 depending on your grant year. Scale AI grants ISO/NSO with strike prices from $35–$50.
Secondary market premium
The secondary market is pricing Cognition AI at a +10% premium over its last primary round ($14B → $15.4B). Scale AI trades at +4% over its last round ($13.8B → $14.4B). A higher secondary premium signals stronger investor demand and potentially better near-term liquidity for employees looking to sell.
Revenue and growth
Cognition AI runs at $0B ARR, growing +400% YoY (hypergrowth). Scale AI runs at $1B ARR, growing +70% YoY (fast). Revenue growth rate matters for equity because it drives the peer-multiple valuation — the method most correlated with exit multiples.
Liquidity timeline
Cognition AI: IPO plausible 2027–2029 if growth trajectory holds. Secondary indication near primary round valuation. Liquidity may come via tender offer or strategic acquisition before listing.
Scale AI: IPO plausible 2027–2029 if growth trajectory holds. Liquidity may come via tender offer or strategic acquisition before listing.
Calculate your specific grant
Enter your actual shares, equity type, and strike price. PrivatePulse calculates your personal equity value at both companies using 4 independent methods.