AAA Cogniac finds funding slope

Cogniac finds funding slope

Cogniac, a US-based artificial intelligence company developing technology for visual task automation and backed by Gradient Ventures, the specialist corporate venturing unit for conglomerate Alphabet, has raised $10m in its series B round.

Venture capital firm Autotech Ventures led the B round, with participation from VC peers Vanedge Capital, Wing Venture Capital, Yellowstone Ventures, and the George Kaiser Family Foundation/Energy Innovation Capital.

Cogniac in total has raised more than $20m, following a $10.1m A round in May 2019. Gradient said Cogniac was among its first portfolio companies at its launch in 2017.

By James Mawson

James Mawson is founder and chief executive of Global Venturing.

Leave a comment

Your email address will not be published. Required fields are marked *