News Summary

• AI coding startup Windsurf announced that it’s being acquired by Cognition.
• CEO Jeff Wang took to X to offer more details about the drama and uncertainty around the deal.
• Wang: Although the company “had lost some great people and taken a serious blow to morale,” it still had “all of our IP, product, and strong talent including an excellent [go-to-market] machine” The acquisition agreement was apparently signed at 9:30 am on Monday morning, announced to the team shortly afterwards at another all-hands.