Lux, General Catalyst, and 8VC co-invest, with Founders Fund participating as well — top-tier VCs are voting with their money, and AI-assisted development is a real necessity.

CryptoWorld News reports that AI programming startup Cognition raised more than $1 billion in its latest funding round, valuing the company at $26 billion. This further confirms the market’s strong demand for companies leveraging artificial intelligence to assist with software development. According to an announcement the company plans to release on Wednesday, the venture capital firms Lux Capital, General Catalyst, and 8VC jointly led this round, with other investors including Ribbit Capital, Atreides Management LP, and Founders Fund, backed by Peter Thiel. Cognition’s valuation (including the funds raised in this round) more than doubled compared with its valuation in the previous funding round last September.