Kira Davis is a native of Santa Fe, New Mexico. She studied theatre with an emphasis in directing and graduated magna cum laude from New Mexico State University. After graduating, she worked in a series of professional theatres, including La Jolla Playhouse and the Mark Taper Forum. She is married to Andrew A. Kosove, one of the co-founders of Alcon Entertainment, and the couple have two children. Davis met Alcon co-founders Broderick Johnson and Andrew Kosove on the set of the 1994 film Love Is All There Is, in which she served as a costume assistant. Davis began working with them as an assistant in 1997 when Johnson and Kosove formed Alcon in 1997, becoming the company's first employee. A year later, Davis was promoted to production executive and served in production and marketing for the company. During her tenure at Alcon, she oversaw the productions of several films produced by the company. Davis left her post in 2006. In 2007, she entered into a first-look producing deal with Alcon Entertainment and formed her own production company, 8:38 Productions. The first film to be produced by Davis's company was Prisoners, a 2013 thriller starring Hugh Jackman and Jake Gyllenhaal. The film, which had been in development since 2009, was released on September 20, 2013.

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