Cogna Revolutionizes Industry Problem-Solving with £3.76M Funding
March 11, 2024, 9:38 am
Cogna
Total raised: $4.8M
London-based Cogna secures £3.76 million to reshape how traditional industries tackle complex challenges. Founded in 2023, Cogna leverages AI to develop tailored software applications, offering them as standard SaaS licenses to various companies. By streamlining data integration and empowering domain experts to craft custom tools alongside AI, Cogna drives significant enhancements in analysis, optimization, and decision-making.
CEO Ben Peters, a FiveAI alum, highlights the pressing issue of stagnant productivity in traditional sectors, which account for 70% of Western economies. Unlike the one-size-fits-all solutions of the past, Cogna's AI-driven SaaS platform caters to the diverse, intricate processes inherent in industries like manufacturing and civil engineering.
Hoxton Ventures spearheads the recent funding round, joined by Notion Capital, Octopus First Cheque Fund, and notable angel investors. Bryan Gartner of Hoxton Ventures envisions a shift towards personalized apps tailored to individual business needs, replacing the rigid ERP software landscape.
Customer testimonies, such as Steve Hunt from Cadent Gas, underscore Cogna's transformative impact on commercial operations. Hunt praises Cogna's role in streamlining supplier evaluations and enhancing pricing transparency, leading to optimal outcomes for Cadent and its partners.
Cogna plans to expand its team in 2024 and beyond, attracting top talent to tackle critical global challenges. With a mission to democratize hyper-customized software, Cogna aims to empower businesses of all sizes to drive innovation and success.
CEO Ben Peters, a FiveAI alum, highlights the pressing issue of stagnant productivity in traditional sectors, which account for 70% of Western economies. Unlike the one-size-fits-all solutions of the past, Cogna's AI-driven SaaS platform caters to the diverse, intricate processes inherent in industries like manufacturing and civil engineering.
Hoxton Ventures spearheads the recent funding round, joined by Notion Capital, Octopus First Cheque Fund, and notable angel investors. Bryan Gartner of Hoxton Ventures envisions a shift towards personalized apps tailored to individual business needs, replacing the rigid ERP software landscape.
Customer testimonies, such as Steve Hunt from Cadent Gas, underscore Cogna's transformative impact on commercial operations. Hunt praises Cogna's role in streamlining supplier evaluations and enhancing pricing transparency, leading to optimal outcomes for Cadent and its partners.
Cogna plans to expand its team in 2024 and beyond, attracting top talent to tackle critical global challenges. With a mission to democratize hyper-customized software, Cogna aims to empower businesses of all sizes to drive innovation and success.