Cognida has developed the expertise and tools necessary for effective AI adoption, emphasizing measurable ROI through practical solutions.
This funding round comes amid a growing interest in application-layer AI startups in India, with other notable startups also securing investments.
Truefoundry, which focuses on streamlining machine learning training and deployment, has raised a total of $21 million in funding since its inception in 2021.
The funding will be utilized to expand Cognida's AI solution library across key industries and advance its Zunō agentic AI platform.
Cognida claims its platform reduces AI implementation time from eight months to just 12 weeks, addressing the common failure rate of 80% in AI projects.
The company's Zunō accelerator platform and industry-specific solutions are credited with enabling faster and more effective AI implementation.
Cognida aims to grow its AI implementation teams to meet the increasing global demand for AI solutions from enterprises.
Anup Gupta from Nexus Venture Partners emphasized the need for specialized service providers like Cognida to facilitate mainstream AI adoption.
Cognida.ai, a provider of AI solutions for enterprises, has successfully closed a $15 million Series A funding round led by Nexus Venture Partners.
Feroze Mohammed, CEO of Cognida, highlighted that while 87% of enterprises invest in AI, only 20% successfully deploy solutions into production.
Cognida's clientele includes major companies such as Siemens Healthineers, Resmed, Automation Anywhere, Games 24x7, and NVIDIA, with a reported quadrupling of its customer base year-on-year.
The recent funding rounds for Cognida and Truefoundry indicate strong investor interest in AI adoption in enterprises.
