{
  "id": 16178951,
  "title": "EXCLUSIVE: Robinhood bets $10 million on AI coding tool maker Cognition—after previously backing a rival",
  "url": "https://urgent.news/2026/10/23/exclusive-robinhood-bets-10-million-on-ai-coding-tool-maker-cognition",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-23T09:28:02.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/10/23/exclusive-robinhood-bets-10-million-ai-coding-tool-maker-cognition/"
  },
  "original_language": "en",
  "account": "Robinhood Ventures is investing $10 million in AI coding tool startup Cognition, following a previous $75 million investment in OpenAI. The venture arm's head, Sarah Pinto, defends backing multiple competitors, stating the AI coding market isn't a winner-take-all scenario. Cognition's Series E funding round, raising over $2 billion at a $48 billion valuation, was completed in September. Cognition's annualized revenue run rate is reported at nearly $900 million, up from $492 million in May. The investment is part of Robinhood Ventures Fund I, a publicly traded closed-end fund, providing retail investors exposure to high-growth private companies. The company cites Cognition cofounder Scott Wu's visionary leadership and consistent AI-focused outlook as key factors in the decision.",
  "summary": "“It’s not a winner-take-all market,” says Sarah Pinto, head of Robinhood Ventures.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}