16 Hrs
Source:
Sky News
Cognition Company secures $2 billion funding
Generative AI company Cohesion has raised $2 billion in a new funding round, valuing the company at $48 billion. This reflects its revenue growth from $492 million in May to $900 million currently. The funding was led by Andersen Horrowitz, Axial Funders, and General Catalyst Orbit, amid increasing investor interest following SpaceX's acquisition of its competitor, Kirsor, for $60 billion. This growth highlights the market's trend towards investing in AI technologies and expanding their applications.
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