Cogna's customers include UK gas distributor Cadent Gas and infrastructure and utilities service provider Network Plus. The startup uses a mix of generative AI and other tools to create custom software based on non-technical teams' descriptions of their pain points. The language models used for interaction with its platform come from providers including OpenAI and Anthropic. Cogna is also developing an engine to enable the software to write itself, according to Hoxton Ventures co-founder Hussein Kanji.
Key takeaways:
- Ben Peters, the technical co-founder of FiveAI, has raised $15 million for his new startup, Cogna, which claims its AI can write enterprise software on its own.
- Notion Capital is leading the Series A funding round, with participation from Hoxton Ventures and Chalfen Ventures. This follows a seed round of $4.75 million raised earlier in 2023.
- Cogna's focus is on enterprise resource planning (ERP), with the aim of replacing the need for large enterprises to pay billions of dollars in contracts with systems integrators and consultancies to handle their ERP.
- Cogna uses a mix of generative AI and other tooling to create its custom software, allowing non-technical teams to describe their issues in natural language and the AI to create a solution. The company has already signed up customers including Cadent Gas and Network Plus.