Robinhood Ventures backs Cognition after $75 million OpenAI investment

The trading platform's venture arm now has money behind two contenders in the crowded race to automate software engineering Robinhood Ventures is backing multiple contenders in the race to build leading AI coding tools, including $10 million in Cognition AI , the San Francisco-based developer of autonomous AI software engineer Devin, according to Fortune. The investment came after Robinhood Ventures Fund I added OpenAI to its portfolio through a $75 million purchase of the AI company’s common stock in April. The two investments give Robinhood Ventures exposure to companies behind competing AI coding products. Led by CEO Scott Wu, Cognition AI has grown rapidly since its founding in 2023.

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