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.
Led by Alex Ramirez, Co-founder and CEO, and Reas Macken, Co-founder and Chief Product Officer, 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.
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U.S.-based IT company CognitOps, a provider of artificial intelligence-based warehouse applications, announces raising $ 11 million within the Series A funding round. CognitOps, a global provider of artificial intelligence-based warehouse operating applications, announces today that it has raised $ 11 million in a Series A round of financing. FirstMark Capital led the investment round, with all of the company s major investors participating, including Chicago Ventures, Schematic Ventures, Haystack, and CEAS Investments. Beth Ferreira, Partner at FirstMark, will join the CognitOps Board of Directors, the report says. CognitOps is tapping into a clear market need and is off to an explosive start. We believe they are at an inflection point to unleash the potential of the modern distribution center by leveraging artificial intelligence and data science at scale. The supply chain
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CognitOps, a global provider of artificial intelligence-based warehouse operating applications, announces today that it has raised US$11 million in a Series A round of financing. FirstMark Capital led the investment round, with all of the company s major investors participating, including Chicago Ventures, Schematic Ventures, Haystack, and CEAS Investments. Beth Ferreira, Partner at FirstMark, will join the CognitOps Board of Directors. CognitOps is tapping into a clear market need and is off to an explosive start, says Beth Ferreira, a general partner at New York City–based firm FirstMark Capital. We believe they are at an inflection point to unleash the potential of the modern distribution center by leveraging artificial intelligence and data science at scale. The supply chain disruptions of the past eighteen months have highlighted the pain points in the warehouse and have emphasized the market need for new, innovative solutions. CognitOps has only just begun to revo