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HomeFinTechCognitOps: Raises $11M in Series A Funding

CognitOps: Raises $11M in Series A Funding

  • CognitOps, an Austin, Texas-based global provider of artificial intelligence-based warehouse operating applications, raised US$11m in Series A funding
  • The round was led by FirstMark Capital with participation from Chicago Ventures, Schematic Ventures, Haystack, and CEAS Investments
  • In conjunction with the funding, Beth Ferreira, Partner at FirstMark, will join the CognitOps Board of Directors
  • The company intends to use the funds to expand internationally, increase sales capacity, and expand product development
  • CognitOps provides a platform that allows supply chain leaders to make decisions to manage complexity, reduce cost, and improve cycle time without the need to upgrade or replace their existing investments
  • The company also has a software development center in Kyiv, Ukraine
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