Cognigy Secures Series A Funding to Lead the US Market in Conversational AI
November 26, 2019 (PRLEAP.COM) Business NewsSan Francisco (USA) / Düsseldorf (GER) - Cognigy (cognigy.com), the leading enterprise software vendor for self-service conversational artificial intelligence (AI) automation, today announces its second round of financing. The company secured a Series A funding round led by technology venture capital groups: DN Capital, Nordic Makers and Inventures. Cognigy is now poised to accelerate its expansion in the US market.
Guy Ward Thomas, Investment Manager at DN Capital, explains: "Thanks to Cognigy's conversational AI platform, companies in every industry can now automate highly complex customer support activities - without the challenges other chatbot tools include." "Cognigy puts sophisticated, game-changing technology within easy reach," he continues. "Organizations no longer need to struggle to find efficient and scalable ways to provide stellar customer experiences. We see a great future ahead."
"We are very pleased to welcome our new investors and partners who share our vision and recognize our revolutionary potential," says Philipp Heltewig, Co-Founder and CEO at Cognigy.
As a global leader in conversational AI automation, Cognigy has already been recognized as a "Cool Vendor in AI for Conversational Platforms" by Gartner. Today the company is in the process of an exponential expansion across the United States, Europe and Asia-Pacific. This includes doubling its current employee count and adding a strategic sales and marketing team based in the USA.
Sascha Poggemann, Co-Founder and COO at Cognigy, says, "Today, we consult and implement projects around the world with our implementation and partner network. We're ready for the next stage of our development."
Dennis Walsh, President at Cognigy, Inc. says: "Cognigy's technology is unique in the marketplace in that it actually delivers meaningful, measureable results, not just proof-of-concepts. As our story gets out, demand for our software has grown rapidly. This investment helps us scale our operations quickly to service the demand."
AI for Customer Experience
Cognigy provides an AI-based enterprise platform to build, deploy and maintain conversational automation solutions. This highly sophisticated technology seamlessly connects critical operational touchpoints through out-of-the-box integration to business intelligence (BI), customer relationship management (CRM)and enterprise resource planning (ERP) tools. Users can access real-time data through simple conversation. From customer service questions to high-level IT operations management, Cognigy enables the fastest and most effective way to deliver results through the most natural channel - conversation.
Using Cognigy doesn't require you to be a computer engineer, either. With its Low-Code Conversation Editor, Cognigy.AI enables citizen developers such as conversation designers and/ or project managers to easily implement cognitive bot interfaces. It's the key to provide unprecedented levels of customer service through scalable, efficient technology.
Learn more today at cognigy.com
Companies need intelligent, integrated support services that can both automate processes efficiently and offer excellent user experiences. Conversational AI automation is the most intelligent and intuitive way to provide this across all customer touchpoints. Cognigy is the global leader for this uniquely powerful technology. Whether on premises or in the cloud, leading organizations standardize on the Cognigy platform to accelerate customer and employee support via self-service automation and conversational AI while maintaining centralized control of security, user administration, privacy and compliance.
About Nordic Makers
Nordic Makers is an early stage investor group founded by the entrepreneurs who have founded and built companies such as Zendesk, Sitecore, Unity, and more. Believing in the power of hard work, mad entrepreneurship, technical brilliance, brave leadership and great intuitions, Nordic Makers invests and provides hands-on help to entrepreneurs who build great and enduring companies.
About DN Capital
DN Capital is an early stage venture capital firm. The firm was founded in 2000 and has operations in London, Berlin and Silicon Valley. Investments are located across North America and Europe. DN focuses on software, marketplaces, fintech and digital health companies. It has previously backed industry leading companies such as Endeca (sold to Oracle), Shazam (one of the world's leading mobile apps, sold to Apple), Auto1 (Europe's largest used-car marketplace)
DN Capital's team bring more than 75 years of private equity experience to their investments. They work actively with portfolio companies to accelerate growth and development. More information is available at http://www.dncapital.com.
Inventures is the investment vehicle of the Munich-based Australian entrepreneur and super angel Chris Hitchen who sold price comparison business Getprice to News Corp, ecommerce marketplace Next Commerce to Future PLC and programmatic ad marketplace Hynt to Zalando. Chris is a founding investor and Chairman of vacation rentals platform Holidu and has made over 50 investments including Marley Spoon, Anydesk, Linearity, Feedvisor, Civic, Lodgify, Coinjar, Plum Guide, Picterra, Intranav, Meatable and Beat81.
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