Cogna, a London, UK-based provider of an AI-driven SaaS platform to create customised software applications, raised £3.76M in funding.
The round was led by Hoxton Ventures, with participation from Notion Capital and Octopus First Cheque Fund, and angel investors including Stan Boland (Founder, Icera), Hermann Hauser (of Amadeus Capital Partners), Professor Neil Lawrence (DeepMind Professor of Machine Learning, Cambridge), Zayd Enam and Tim Shi (Founders of Cresta), Ping Wu (CEO of Cresta), and Aviv Nevo, Nick Elliot (Helsing).
The company intends to use the funds to expand operations and development efforts.
Founded by Ben Peters and Lars Mennen, Cogna provides an AI-driven SaaS platform that simplifies the integration of data across different business areas and gives domain experts the ability to create their own customised software tools in collaboration with AI – to drive analysis, optimisations and decisions that deliver improvements. Cogna’s users already include a wide roster of companies including Cadent Gas.
Commenting on the news, Ben Peters said: “Our aim is to democratise this technology, making hyper-customised software accessible to businesses of all sizes. We’re focussed on the businesses that really matter, those that most of us are depending on in our daily lives. Our technology is paving the way towards a more grounded, user-centric approach to problem-solving and innovation – where the users themselves become the architects of their technological solutions and their own success.”
FinSMEs
07/03/2024