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Cogniac Brings in $20M in Financing

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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.
Oct 2021
machine vision
Interpretation of an image of an object or scene through the use of optical noncontact sensing mechanisms for the purpose of obtaining information and/or controlling machines or processes.
Businessmachine visioncomputer visionstartupfinancingfundraisingexpansionAmericasAIImage Analysisvideo analysisCogniaccapitalventure capitalNational Grid PartnersinvestmentAutotech VenturesCisco InvestmentsEnergy Innovation CapitalLondon Technology ClubVanedge CapitalWing Venture Capital

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