Cognition AI Raises Over $1 Billion, Valuation Reaches $26 Billion on May 27

According to Guru Club, Cognition AI raised over $1 billion on May 27, valuing the company at $26 billion. The funding round was led by venture capital firms Lux Capital, General Catalyst, and 8VC, with participation from Ribbit Capital, Atreides Management LP, and Founders Fund. The valuation has more than doubled since the company's previous funding round in September last year.
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