Chicago-based Cognida.ai has sealed a $15 million Series A funding round with flying colors. The investment round was led by Nexus Venture Partners, which aims to fill in the gap with efficient and effective AI implementation business operations

The company raised the sum through a series A funding round led by globally recognized venture capital firm Nexus Venture Partners, that specializes in back transformative startups. This capital influx is expected to speed up Cognida.ai’s business mission of making AI adoption more practical and financially effective for enterprises. 

The money will be focused on broadening the company’s AI solution portfolio across major industries, further advancing its innovative Zunō agentic AI platform, and increasing AI implementation teams in response to the growing demand worldwide.

Founded with a vision to bridge the gap between AI potential and practical application, Cognida.ai specializes in delivering AI solutions that provide measurable business outcomes. The company’s flagship platform, Zunō, is designed to streamline AI implementation, reducing the typical deployment time from 6-8 months to just 10-12 weeks. This rapid deployment capability enables enterprises to achieve real results without disruptive overhauls to their existing systems.

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Feroze Mohammed founded Cognida.ai, which he serves as Chief Executive Officer. As the former Chief Operating Officer at Hitachi Vantara, Mohammed brings rich experience in overseeing and guiding technology programs and driving digital transformation in organizations. 

In leading Cognida.ai, he touts it as being able to make AI adoption predictable and profitable for enterprises, common challenges like data readiness, along with integration with existing business processes, and ultimately, the dearth of AI acumen inside organizations

Cognida.ai focuses on AI implementation through its Zunō platform, which includes accelerators for predictive modeling, intelligent document processing, and advanced graph-based solutions. It enables rapid deployment of AI solutions, allowing enterprises to take pilot projects to production-grade deployments that yield measurable business impact. Through their emphasis on practical applications, more than 30 leading organizations have been able to be catered to by Cognida.ai in terms of deploying solutions with the following outcomes:

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70% faster invoice processing with 99% accuracy: Operational efficiency for a leading manufacturing client.

45% improvement in inventory forecasting: Optimizing SKU-level accuracy enabled by advanced machine learning models for a video surveillance equipment manufacturer.

5x faster quote generation in response to Requests for Quotations (RFQs): Generating over $10 million in new revenue with generative AI.

1% reduction in customer churn: Saving millions in annual revenue with machine learning-powered predictive customer insights.

The successful funding round reflects a surging market demand for practical AI solutions that can be seamlessly integrated into existing business processes.

With the new capital, Cognida.ai plans to expand its AI solution offerings across key industries, advance the capabilities of its Zunō platform, and grow its implementation teams to meet the increasing demand from enterprises worldwide. The company strives to empower businesses to realize the full potential of AI, which has moved from a promising concept to a practical tool for driving efficiency and profitability.