Cognition AI cinches $10 billion valuation with new funding

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Artificial intelligence startup Cognition AI has reached a valuation of $10.2 billion in a roughly $400 million funding round — a deal that highlights the continued investor frenzy around AI-powered software development.

The latest round was led by Founders Fund, the venture capital firm backed by Peter Thiel, and included existing investors such as Lux Capital, Joe Lonsdale’s 8VC, Elad Gil, Definition Capital and Swish Ventures, the company said Monday.

The deal marks a big jump in valuation for Cognition, which raised money earlier this year at…



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Cognition AI cinches $10 billion valuation with new funding



Artificial intelligence startup Cognition AI has reached a valuation of $10.2 billion in a roughly $400 million funding round — a deal that highlights the continued investor frenzy around AI-powered software development.

The latest round was led by Founders Fund, the venture capital firm backed by Peter Thiel, and included existing investors such as Lux Capital, Joe Lonsdale’s 8VC, Elad Gil, Definition Capital and Swish Ventures, the company said Monday.

The deal marks a big jump in valuation for Cognition, which raised money earlier this year at…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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