Cogniac Corporation ("Cogniac" or "the Company"), a San Jose, California-based provider of enterprise-class Artificial Intelligence (AI) image and video analysis, announced it has completed a $20 million Series B1 financing round.
The round was led by National Grid Partners, the venture investment and innovation arm of National Grid, with participation from Autotech Ventures, Cisco Investments, Energy Innovation Capital, London Technology Club, Vanedge Capital, and Wing Venture Capital.
The proceeds will primarily 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 (EMEA), and Asia-Pacific (APAC) regions.
Cogniac will also ramp up R&D efforts to strengthen and solidify its unique and innovative approach to AI vision implementation, data storage, and human-AI interactivity.
Company: Cogniac Corporation
Round: Series B1
Funding Month: October 2021
Lead Investors: National Grid Partners
Additional Investors: Autotech Ventures, Cisco Investments, Energy Innovation Capital, London Technology Club, Vanedge Capital, and Wing Venture Capital
Company Website: http://www.cogniac.ai/
Software Category: Visual Intelligence Platform
About the Company: Cogniac is a global Computer Vision AI leader, headquartered in San Jose, California, with offices worldwide. Founded in late 2015 by Bill Kish and Amy Wang, Cogniac is on a mission to become the leading global Visual Operations Intelligence Platform that enables workers to deliver superhuman level performance in everything they do. Cogniac integrates the latest developments in deep learning and hyper-parameter optimization combined with an easy-to-use interface. Cogniac's technology maximizes the value of the newest and most abundant form of data – visual data. Cogniac's AI vision platform operates effectively at an enterprise scale for many major brands, including Trimac Transportation and Doosan Bobcat North America.