Funding round
Cognition Growth
Reported as "Growth Equity"
Cognition, which works in applied AI solutions development in San Francisco, raised $175M in a Growth round announced on 1 Apr 2024, led by Founders Fund, at a $2.00B post-money valuation. 1 firm took part. It is Cognition's first venture round on record.
$175M
Amount raised
$2.00B
Post-money valuation
$1.82B pre-money
1
Investors
1 lead
8.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Cognition at $2.00B after the new money. The $175M bought investors about 8.8% of the company. It is Cognition's first venture round on record, 1 year after it was founded in 2023. It is 15% of the $1.18B Cognition has raised in the venture rounds on record. Cognition raised again 25 months later: a Growth round of $1.00B in May 2026, at $26.00B post-money.
Cognition's funding rounds
Cognition has 2 venture rounds on record. This one is highlighted.
- Growth this round 1 Apr 2024, led by Founders Fund $175M$2.00B post-money
- Growth 27 May 2026, led by Lux Capital, General Catalyst and 8VC $1.00B$26.00B post-money
Investors
Who put money in
Founders Fund led the round.
Lead investor
- Founders Fund backs 368 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
364 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $47M, and this round was 3.7 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Lambda Tech Companies | 4 Apr 2024 | $500M | not disclosed | Macquarie |
| Buyers Edge Platform Tech Companies | 8 Apr 2024 | $425M | not disclosed | General Atlantic |
| Perplexity Tech Companies | 23 Apr 2024 | $250M | $2.50B | not named |
| Ramp Tech Companies | 17 Apr 2024 | $150M | $13.00B | Khosla Ventures and Founders Fund |
| Tech Companies | 9 Apr 2024 | $125M | not disclosed | 8VC and NewRoad Capital Partners |
| Tech Companies | 4 Apr 2024 | $109M | not disclosed | Sumeru Equity Partners |
| Tech Companies | 22 Apr 2024 | $100M | not disclosed | Deerfield and Endeavor Health |
| Factorial Tech Companies | 11 Apr 2024 | $80M | not disclosed | General Catalyst |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Cognition raise in its Growth round?
Cognition raised $175M in its Growth round, announced in Apr 2024.
Who led Cognition's Growth round?
Founders Fund led it.
What was Cognition's valuation at the Growth round?
$2.00B post-money ($1.82B pre-money).
How does it compare with other Growth rounds in Tech Companies?
364 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $47M, and this round was 3.7 times the median.
Did Cognition raise again after this round?
Yes: a Growth round in May 2026 of $1.00B at $26.00B post-money.