The funding will support Cognita.ai's market expansion, intellectual property development, and capability building. The company aims to become a leader in practical AI solutions for enterprises, as the industry shifts focus from experimental projects to implementations with clear ROI. With offices in Chicago, Silicon Valley, and Hyderabad, Cognita.ai serves clients across various sectors, including manufacturing, healthcare, finance, and technology. This investment highlights a broader trend towards operationalizing AI within existing systems, emphasizing measurable business impact.
Key takeaways:
- Cognita.ai, a Chicago-based AI company, raised $15 million in Series A funding led by Nexus Venture Partners to help enterprises move AI solutions from pilots to production.
- The Zunō platform developed by Cognita.ai reduces AI implementation times from 6-8 months to 10-12 weeks by addressing data readiness, integration challenges, and lack of AI expertise.
- Cognita.ai has successfully deployed AI solutions at over 30 enterprises, achieving significant improvements such as a 70% increase in invoice processing speed and a reduction in customer churn.
- The funding will support Cognita.ai's market expansion, intellectual property development, and capability building, reflecting a broader trend towards practical AI implementations in enterprise software.