Cognitiwe Secures €1 Million in Funding

by Kay Aloha Villamor in February 22nd, 2024

Cognitiwe, a Tallinn, Estonia-based company specializing in artificial intelligence solutions for visual analysis, secures €1 million in funding.  

SaaS Investors  

The investment comes from notable venture capital firms and angel investors, including TechOne VC, Eleven Ventures, Flat6Labs, Domino VC, and Caucasus VC.  

Cognitiwe Use of Funs  

The company aims to expand its market presence and drive growth with this latest investment.  

About Cognitiwe  

Founded in 2021 by Mete Bayrak and Attila Algan, Cognitiwe aims to support retailers and manufacturers by bringing predictive Vision AI to their daily operations. Cognitiwe offers fresh food retailers a range of products to help them analyze the freshness, stock levels, and sales performance of their shelf stocks. By using regular IP cameras, Cognitiwe’s unified vision platform provides real-time insights and predictions to improve daily operations. Cognitiwe currently has two pioneering products, WeShelf, which estimates the stock levels of products in real-time, and WeFresh, which determines the freshness of fruits and vegetables by analyzing factors such as color, shape, and size.  

Funding Details                

Company: CognitiweAI OÜ  

Raised: €1.0M   

Round: Unknown   

Funding Month: February 2024           

Investors: TechOne VC, Eleven Ventures, Flat6Labs, Domino VC, and Caucasus VC  

Company Website:   

Software Category: AI Retail Solutions  


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