Cognition raises $1 billion, valued at $26 billion

AI startup Cognition has successfully raised over $1 billion in a Series D funding round, achieving a valuation of $26 billion. The company plans to utilize these funds to further develop and expand its AI-powered software engineer, named Devin. This significant investment underscores the growing interest and confidence in AI technologies aimed at revolutionizing software development processes. Cognition's achievement highlights the rapid advancement and commercial potential of specialized AI tools designed to enhance productivity and innovation within the tech industry.