AI startup Cognida raises $15 million in funding led by Nexus Venture Partners

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Cognida.AI, which offers artificial intelligence solutions for enterprises, has raised $15 million in a funding round led by early-stage venture capital firm Nexus Venture Partners.The funds will be used to expand AI solutions in key industries, growing the team, and accelerating go-to-market strategies.

“Enterprise AI adoption has reached its tipping point. While 87% of enterprises are investing in AI, only 20% successfully deploy solutions into production,” said founder and chief executive Feroze Mohammed.

“We’ve honed the expertise, tools,…



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AI startup Cognida raises $15 million in funding led by Nexus Venture Partners


Cognida.AI, which offers artificial intelligence solutions for enterprises, has raised $15 million in a funding round led by early-stage venture capital firm Nexus Venture Partners.The funds will be used to expand AI solutions in key industries, growing the team, and accelerating go-to-market strategies.

“Enterprise AI adoption has reached its tipping point. While 87% of enterprises are investing in AI, only 20% successfully deploy solutions into production,” said founder and chief executive Feroze Mohammed.

“We’ve honed the expertise, tools,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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