Cognition AI defies turbulence with a $400M raise at $10.2B valuation
Cognition AI, an artificial intelligence company, has raised $400 million in a new funding round, valuing the company at $10.2 billion. The round was led by Founders Fund, a venture capital firm backed by Peter Thiel, with participation from existing investors such as Lux Capital, 8VC, Elad Gil, Definition Capital, and Swish Ventures. The company's AI technology is designed to help businesses navigate turbulent market conditions. Cognition AI's platform uses machine learning and data analysis to provide real-time insights and recommendations to its clients. The recent funding will be used to expand the company's product offerings and further develop its AI capabilities. Despite the current economic uncertainty, Cognition AI's ability to attract significant investment underscores the growing demand for advanced AI solutions that can help organizations adapt to rapidly changing market conditions.
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