AI Startup Cognition Set to Raise Around $1 Billion at a $47 Billion Value (2 minute read)

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Summary

Cognition, an AI startup, is set to raise around $1 billion in funding at a $47 billion valuation, with annualized revenue exceeding $900 million.

Cognition is set to close a new round of funding of around $1 billion. The final raise size may exceed that amount as Cognition is fielding outsized demand for the round. The startup is now bringing in more than $900 million in annualized revenue. The new funding round would vault its valuation to about $47 billion.
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Cognition announces raising over $2 billion at a $48 billion valuation, led by major investors, with run-rate revenue growing to almost $900 million.