London-based Cogna, a provider of precision software solutions, announced on Monday that it has raised a Series A funding round led by Concept of capitalwith participation from Hoxton Ventures and Chalfen Ventures.
With this investment, the London-based company aims to expand its platform capabilities, support a wider range of industries and the capabilities of its automated, AI-powered software factory .
In the 18 months since it was founded, Cogna has grown to a team of 40 and works with clients such as Cadent Gas and Network Plus.
Kevin Fowlie, CEO of Network Plus, said: “Our partnership with Cogna has transformed the way we manage customer interactions. Unlike standard software solutions that require customizing our processes, Cogna has provided us with unique solutions that meet our exact requirements and add immediate value and efficiency. Their ability to iterate and adapt solutions quickly and cost-effectively means we can always develop and innovate quickly to meet the needs of our clients and customers.”
Cogna: Automated IT Consulting
Founded by Ben Peters and Lars Mennen, relatives using AI to automate the IT consulting process and identify and overcome specific productivity problems in large, traditional enterprises.
Ben Peters, co-founder and CEO of Cogna, said: “Traditional businesses are being left behind by the digital revolution due to the complexity of their operational challenges. Cogna’s mission is to empower these businesses with precision. software technology that addresses each problem point in the company in its own way and enables an immediate increase in productivity. This funding will allow us to bring our technology to more industries and help companies reduce bottlenecks and free up their experts. teams from tedious manual tasks, unlocking their vast untapped potential.”
The London-based company’s AI platform targets key industries that make up more than 70 percent of the economy, such as utilities, manufacturing, energy and the public sector.
It helps non-technical teams identify their unique challenges and create custom software solutions quickly and cost-effectively, without the need for programming knowledge.
With this approach, companies can overcome old systems, improve processes and automate important tasks. It also increases productivity in areas such as procurement, operations and asset management.
The investor
Notion Capital is a European B2B SaaS and cloud VC with over $1 billion in assets under management and over 100 investments to date.
The team has founded, built and sold two highly successful SaaS companies – Star and MessageLabs – and invests exclusively in exceptional founders with the goal of building world-leading companies. construction in the region.
The Notion portfolio includes GoCardless, Mews, Paddle, Unbabel and YuLife.
Jos White, General Partner at Notion Capital, said: “Cogna is reimagining what is possible for businesses that have been overlooked by digital transformation. The team’s detailed approach delivers not only great software, but solutions that are tailored to each customer’s needs to work more efficiently. We are excited to welcome the Cogna team for a second time as they transform the way companies address their biggest productivity challenges cost-effectively and quickly.”
2024-11-12 00:10:00
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