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Feb 29, 2024 443

CognitiweAI OÜ, which offers artificial intelligence solutions in the field of visual analysis, received an investment of 1.05 million dollars

#Regional

CognitiweAI OÜ received an investment of $1.05 million in the round in which venture capital firms such as TechOne VC, Eleven Ventures, Flat6Labs, DOMiNO Ventures, and Caucasus Ventures as well as angel investors participated.

CognitiweAI OÜ, a provider of artificial intelligence solutions in the field of visual analysis, has received an investment of $1.05 million. In the latest investment round, CognitiweAI OÜ secured $1.05 million in investment, with participation from venture capital firms such as TechOne VC, Eleven Ventures, Flat6Labs, DOMiNO Ventures, and Caucasus Ventures, along with angel investors.

Cognitiwe, specializing in visual data processing and analysis using AI solutions, was previously supported in a funding round in 2021 led by TechOne, with participation from StartersHub, Startup Wise Guys, and EGIAD Angels.

The company's flagship product, Wefresh, leverages advanced AI and image processing technology to provide retailers with real-time insights and data-driven predictions to optimize their business operations. This technology offers valuable insights to companies in areas such as quality control, intelligent inventory tracking, and ensuring product freshness.

As a partner with Microsoft, CognitiweAI combines data from IoT systems with its image processing technology using AI, offering proactive control and efficient inventory planning, distinguishing itself from traditional image processing applications.

Attila Algan, Co-Founder and CEO of CognitiweAI OÜ, expressed excitement about the support from reputable investors who share the company's vision, emphasizing the opportunity to position Cognitiwe as a leader in AI-supported image processing technologies in the global market. With the conclusion of the new investment round, the company aims to strengthen its team and focus on intensified activities to reach customers globally.