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Cogniac Brings in $20M in Financing

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SAN JOSE, Calif., Oct. 28, 2021 — Cogniac, a provider of enterprise-class AI and image and video analysis, raised $20 million in a Series B financing round. The funding will be used primarily to fund the expansion of the leadership team, technical and product engineering, and the build-out of infrastructure for the regional sales and engineering teams in Europe, the Middle East, Africa, and Asia-Pacific.

The company will also ramp up R&D for AI vision implementation, data storage, and human-AI interactivity.

The round was led by National Grid Partners, with participation from Autotech Ventures, Cisco Investments, Energy Innovation Capital, London Technology Club, Vanedge Capital, and Wing Venture Capital.

 



Published: October 2021
Glossary
machine vision
Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
computer vision
Computer vision enables computers to interpret and make decisions based on visual data, such as images and videos. It involves the development of algorithms, techniques, and systems that enable machines to gain an understanding of the visual world, similar to how humans perceive and interpret visual information. Key aspects and tasks within computer vision include: Image recognition: Identifying and categorizing objects, scenes, or patterns within images. This involves training...
Businessmachine visioncomputer visionstartupfinancingfundraisingexpansionAmericasAIImage Analysisvideo analysisCogniaccapitalventure capitalNational Grid PartnersinvestmentAutotech VenturesCisco InvestmentsEnergy Innovation CapitalLondon Technology ClubVanedge CapitalWing Venture Capital

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