Funding News: Context-aware AI firm 'Cogniquest' bags $ 1. 2 million in Seed Funding

Startup: Cogniquest

Founder: Satish Grampurohit

About us: Cogniquest is a technology company specialized in developing solutions for extraction of insights. Their platform powers Intelligent Document Processing (IDP) to help businesses reduce the time employees spend on manual data collection and empowers them to focus on more critical tasks.

Founded Year: 2022

Office: Bengaluru

Sector: Software development

Funding Round: Seed

Investors: Cedar IBSI Capital, Dexter Venture, and more than 30 angel investors via AngelList and Congniphy

Context-aware AI firm Cogniquest raised $1.2 million in a seed funding round. The money will go toward quickening the pace of product development, growing its in-house document intelligence platform, and reaching a wider audience in important sectors like finance, healthcare, and logistics.

According to Cogniquest, in addition to looking to expand internationally with a focus on the US and Asia-Pacific, it intends to integrate Conversational AI and GenAI into its product offerings.

"In a market that is changing quickly, Cogniquest's novel approach to AI-driven document processing stands out. From our vantage point, we believe that the banking and financial services industry has a lot of potential for document intelligence technology," stated Sahil Anand, Managing Partner of Cedar IBSI Capital.

"We are ecstatic to have the support of such influential investors who agree with our plan to redefine document intelligence. The tremendous potential our platform has to revolutionize document-centric workflows is demonstrated by this funding,” according to Satish Grampurohit, CEO and Co-Founder of Cogniquest AI.

Website: https://www.cogniquest.ai/