Cognitive Space, a Houston, TX-based company in intelligent space automation, has raised $4 million in seed+ funding.
SaaS Investors
The funding round was led by venture capital firms York IE, Draper Associates, and Dolby Family Ventures.
Founded in 2019, York IE is a venture capital firm based in Manchester, New Hampshire. The firm seeks investments in startups and early-stage companies. The firm prefers to invest in the business-to-business, subscription, and SaaS sectors.
Draper Associates, founded in 1985, is a seed-stage venture capital firm that helps entrepreneurs drive their businesses to greatness. Based in San Mateo, California, the firm seeks to invest in business products, business services, consumer products, consumer services, healthcare, information technology, TMT, manufacturing, and fintech sectors in the United States.
Dolby Family Ventures is an early-stage venture firm focused on building great technology companies. The firm seeks to invest in digital media, security, cloud services, and healthcare technologies and services sectors. Founded in 2014 and based in San Mateo, California.
Cognitive Use of Funds
The company plans to use the funds to further advance its AI-powered Software-as-a-Service (SaaS) platform. This funding will support the company's go-to-market strategy and expansion within the evolving space industry.
About Cognitive
Cognitive Space is a technology company that provides an AI-SaaS solution for intelligent satellite automation to empower and enable the use of space. Cognitive Space's AI-powered Software-as-a-Service (SaaS) platform is designed to facilitate the growth and scalability of satellite constellations. The company's flagship CNTIENT® platform offers a single scalable system that helps satellite constellation operations drive strategic business outcomes. CNTIENT allows operators to tailor remote sensing mission planning, scale without disruption, and automate payload scheduling, link management, and prioritized tasking.oritized tasking.
Cognitive Space's technology aims to empower satellite operators, space infrastructure firms, and government agencies to effectively manage their space assets using artificial intelligence.
Funding Details
Company: Cognitive Space, Inc.
Raised: $4.0M
Round: Seed+ Round
Funding Month: October 2023
Lead Investors: York IE, Draper Associates, and Dolby Family Ventures
Additional Investors:
Company Website: https://cognitivespace.com/
Software Category: Automated Satellite Operations
Source: https://cognitivespace.com/news/cognitive-space-raises-4m-to-further-fuel-its-mission-of-intelligent-space-automation/