The seed funding round witnessed the involvement of Cedar-IBSi Capital, a venture capital firm specializing in financial technology, as well as around 25 angel investors from India.
The funds will be utilized to enhance technological development, broaden application cases, and expand the workforce.
The funding round attracted over 25 Indian angel investors, including notable individuals such as QuantGro cofounder Dhiraj Sinha, former Infosys executives Umashankar Malapaka and Visveswara Gupta, former Accenture India managing director Rajesh Bhat, Anup Naik and Santosh Rao of Zeliot, ReadyAssist’s Vimal Singh, and Srinivas Majji, among others, according to a statement by Cedar-IBSi.
Read also – GalaxEye Raises $6.5 Mn Funding Round Led by Mela Ventures, Speciale Invest, others
Cogniquest asserts that they have developed a contextually aware artificial intelligence platform capable of capturing crucial data points and producing practical insights from repositories of information.
Cogniquest, an artificial intelligence (AI) startup, has secured an unknown sum of seed funding from Cedar-IBSi Capital, a venture capital firm specializing in fintech, as well as angel investors.
Grampurohit, cofounder and CEO, Cogniquest, said: “Securing seed funding from Cedar-IBSi Capital and esteemed angel investors marks a significant milestone in our journey… Fuelled by enthusiastic responses from clients and partners, we are excited about the opportunity to build a globally renowned enterprise tech SaaS platform from India”.
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