AI Programming Startup Cognition Raises Over $1 Billion, Valued at $26 Billion

According to Bloomberg, AI programming startup Cognition AI has announced a new funding round exceeding $1 billion, valuing the company at $26 billion post-funding—more than double its valuation from the previous round in September 2025. Lux Capital, General Catalyst, and 8VC co-led the round, with participation from Ribbit Capital, Atreides Management LP, and Founders Fund—Peter Thiel’s venture capital firm.