Cognition completes $1 billion financing with a valuation of $26 billion

According to AI coding startup Cognition, it has announced a $1 billion funding round with a valuation of $26 billion. Lux Capital, General Catalyst, and 8VC jointly led the investment, with participation from institutions such as Ribbit Capital, Atreides Management, and Peter Thiel's Founders Fund. Cognition AI focuses on AI driven software development tools.