Cognida.ai, a leader in practical AI solutions for enterprises, announced the successful close of its $15 million Series A funding round, led by Nexus Venture Partners. This investment validates Cognida.ai’s unique approach to making AI implementation practical and financially impactful for enterprises, demonstrated through successful deployments at over 30 leading organizations.
In a market where 80% of AI projects fail and implementation typically takes 6-8 months, Cognida.ai has cracked the code on enterprise AI adoption through its innovative Zunō accelerator platform and industry-specific solutions, consistently delivering implementations in 10-12 weeks with measurable ROI.
“Clopay’s digital transformation journey has significantly enhanced customer experience in our industry. As we continue to harness AI solutions to transform our products and services, Cognida.ai has proven to be our trusted partner with their practical approach to AI implementation,” said A. Vinod, CIO of Clopay. “They bring not only deep AI expertise but also a strong understanding of manufacturing operations, data integration, and business processes.”
Transforming Enterprise AI Implementation
Cognida.ai’s practical AI approach has delivered measurable results across industries. Examples include:
- 70% faster invoice processing with 99% accuracy, streamlining operational efficiency for a leading manufacturing client.
- 45% improvement in inventory forecasting, optimizing SKU level accuracy enabled by advanced ML models for a video surveillance equipment manufacturer.
- 5x faster quote generation in response to RFQs, generating $10M+ in new revenue with Generative AI.
- 1% customer churn reduction, saving millions in annual revenue with ML-powered predictive customer insights.
“Enterprise AI adoption has reached its tipping point,” said Feroze Mohammed, Founder and CEO of Cognida.ai. “While 87% of enterprises are investing in AI, only 20% successfully deploy solutions into production. We are uniquely positioned to close the divide between ambition and achievement in integrating AI into everyday business processes. We’ve honed the expertise, tools, and delivery model needed to navigate the complexities of AI adoption. This investment validates our approach of delivering measurable ROI through practical AI solutions, leading the next wave of AI services companies.”
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Successful enterprise AI needs a hybrid model combining specialized services, software, and a co-creation approach to tackle real-world integration and compliance challenges. “When we considered our ambitious slate of projects, we needed a partner with a deep commitment to excellence, strong engineering expertise, and the ability to bring top-tier talent to our AI, digital engineering, and data initiatives,” said Joe Montalto, COO and CIO of The Phia Group. “Partnering with Cognida.ai has been a smart and productive decision. Their Zunō platform and co-creation approach have enabled us to innovate and deliver transformative AI solutions, driving measurable success across multiple initiatives.”
Strategic Investment to scale Cognida.ai’s proven model to Practical AI for the Enterprise
The $15 million investment from Nexus Venture Partners, a globally recognized venture capital firm with a track record of backing transformative startups, reflects strong confidence in Cognida.ai’s vision and execution. The funding will accelerate Cognida.ai’s proven implementation model through:
- Expanded AI solution library across key industries.
- Advanced development of its innovative Zunō agentic AI platform, delivering greater efficiency and scalability.
- Growth of AI implementation teams to meet increasing demand from enterprises worldwide.
- Accelerated go-to-market strategies in target enterprise segments to broaden its customer base.
“AI’s mainstream adoption requires specialized service providers who can bridge the gap between cutting-edge capabilities and practical applications,” said Anup Gupta, Managing Director at Nexus Venture Partners. “We are impressed with Cognida.ai’s strong traction and innovative approach with a clear focus on practical AI solutions. Their success with enterprise clients showcases an ability to deliver real impact, and we’re excited to partner with Feroze and the team as they scale in this dynamic space.”
Source: Businesswire
