Enterprise AI adoption has reached tipping point
Chicago-Headquartered Cognida.ai, a leader in practical AI solutions for enterprises with offices in Silicon Valley and Hyderabad, says the close of its US$15 million Series A funding round will help accelerate implementation of models.
The investment from Nexus Venture Partners, a globally recognized venture capital firm with a track record of backing transformative startups, reflects strong confidence in Cognida.ai’s vision and execution.
The funding will accelerate Cognida.ai’s proven implementation model through:
Expanded AI solution library across key industries.
Advanced development of its innovative Zunō agentic AI platform, delivering greater efficiency and scalability.
Growth of AI implementation teams to meet increasing demand from enterprises worldwide.
Accelerated go-to-market strategies in target enterprise segments to broaden its customer base.
“Enterprise AI adoption has reached its tipping point,” said Feroze Mohammed, Founder and CEO of Cognida.ai. “While 87% of enterprises are investing in AI, only 20% successfully deploy solutions into production.
“We are uniquely positioned to close the divide between ambition and achievement in integrating AI into everyday business processes.
“We’ve honed the expertise, tools, and delivery model needed to navigate the complexities of AI adoption. This investment validates our approach of delivering measurable ROI through practical AI solutions, leading the next wave of AI services companies,” Mohammed elaborated.
“AI’s mainstream adoption requires specialized service providers who can bridge the gap between cutting-edge capabilities and practical applications,” said Anup Gupta, Managing Director at Nexus Venture Partners.
Cognida.ai’s practical AI approach has delivered measurable results across industries. Examples include:
70% faster invoice processing with 99% accuracy, streamlining operational efficiency for a leading manufacturing client.
45% improvement in inventory forecasting, optimizing SKU level accuracy enabled by advanced ML models for a video surveillance equipment manufacturer.
5x faster quote generation in response to RFQs, generating $10M+ in new revenue with Generative AI.
1% customer churn reduction, saving millions in annual revenue with ML-powered predictive customer insights. Fiinews.com
