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Sources: Cognition is raising around $1B at a ~$47B valuation, up from $26B in May; Cognition received nearly $10B in investor interest (Bloomberg)

Techmeme ·
Investor demand is reportedly far bigger than the round Cognition plans to take.

Cognition is raising about $1 billion at a valuation near $47 billion, Bloomberg reports. That would mark a sharp step up from its $26 billion valuation in May. The company received nearly $10 billion in investor interest for the round. Techmeme's note

score 9

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