• Successful Funding Round: Cognitiwe AI secures USD 1.05 million in its latest funding round, attracting a diverse group of investors, including prominent venture capital firms TechOne VC, Eleven Ventures, Flat6Labs, Domino VC, and Caucasus VC, along with support from angel investors.
• Market Position and Global Reach: The recent funding success highlights Cognitiwe AI’s robust market position and global reach, showcasing the company’s resilience and adaptability.
• Cutting-Edge Product Wefresh: Cognitiwe AI’s flagship product, Wefresh, targets the retail industry, offering cutting-edge solutions to enhance operations.
Cognitiwe AI proudly announced the closure of its latest funding round, securing USD 1.05 million from a diverse group of investors, including prominent venture capital firms, according to a company statement.
The funding witnessed participation from TechOne VC, Eleven Ventures, Flat6Labs, Domino VC, and Caucasus VC, along with support from angel investors.
This marks another milestone for the innovative company specializing in Artificial Intelligence solutions for Visual Analysis.
In 2021, Cognitiwe AI led an investment round with TechOne VC, StartersHub, Startup Wise Guys, and EGIAD Angels.
The recent funding success highlights the company’s strong market position and global reach, showcasing resilience and adaptability.
The flagship product, Wefresh, targets the retail industry, providing cutting-edge solutions to enhance operations.
Leveraging advanced AI and image processing technology, Wefresh offers real-time insights and data-driven predictions, particularly effective in quality control, smart stock tracking, and ensuring product freshness.
Cognitiwe AI’s unique approach, combining image processing with IoT systems, sets it apart, enabling proactive control and efficient stock planning.
The company’s partnership with Microsoft as a solution partner underscores its commitment to innovation in artificial intelligence and visual analysis.
Attila Algan, Co-Founder, and CEO of Cognitiwe AI expressed gratitude for investor support, stating, “This funding will establish Cognitiwe as a market leader in AI-supported image processing technologies globally.”
The company plans to focus on growth by expanding its team and intensifying activities to reach customers globally.
Cognitiwe AI’s impressive track record and commitment to innovation have positioned it as a global player in the AI retail industry. The recent funding round signifies a significant milestone in its journey, emphasizing dedication to extending reach to new markets.
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