Cognida.ai Secures $15M in Series A Funding

Cognida.ai has successfully closed a $15 million Series A funding round led by Nexus Venture Partners, aimed at enhancing its practical AI solutions for enterprises. The company's innovative Zunō platform significantly reduces AI implementation time from the typical 6-8 months to just 10-12 weeks, addressing the critical challenge of moving AI projects from pilot to production. Cognida.ai has achieved notable results, including a 45% improvement in inventory forecasting and five times faster quote generation, contributing over $10 million in new revenue. The funding will support the growth of AI implementation teams and accelerate go-to-market strategies to expand its customer base. Cognida.ai's approach seeks to bridge the gap between enterprise AI investments and successful deployments, which currently stands at only 20%. CEO Feroze Mohammed emphasizes that the company is uniquely positioned to deliver measurable ROI through practical AI solutions across various industries.