AI STARTUP COGNITION SET TO RAISE AROUND $1 BILLION AT A $47 BILLION VALUE

Summary from the TLDR AI newsletter

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.