Cogniac Brings in $20M in Financing

Cogniac, a provider of enterprise-class AI and image and video analysis, raised $20 million in a Series B financing round. The funding will be used primarily to fund the expansion of the leadership team, technical and product engineering, and the build-out of infrastructure for the regional sales and engineering teams in Europe, the Middle East, Africa, and Asia-Pacific.

The company will also ramp up R&D for AI vision implementation, data storage, and human-AI interactivity.

The round was led by National Grid Partners, with participation from Autotech Ventures, Cisco Investments, Energy Innovation Capital, London Technology Club, Vanedge Capital, and Wing Venture Capital.