AI solution provider in visual data processing and analysis, Cognitive, has successfully completed its second round of investment by raising $1,050,000.

Cognitiwe has successfully closed another investment round with an investment of $1,050,000. The investment round, structured with the SAFE Note system, was backed by leading venture capital firms and angel investors including DOMiNO VC, Techone, Eleven Ventures, Flat6Labs and Caucasus VC.

Cognitiwe offers artificial intelligence solutions in the field of visual data processing and analysis. The company was supported in 2021 in an investment round led by TechOne. Since its establishment, Cognitiwe has attracted the attention of a diverse group of investors from different business lines and continues to strengthen globally by securing funding from reputable VCs in different countries.

The company’s flagship product Wefresh uses advanced AI and image processing technology to provide retailers with real-time insights and data-driven predictions to optimize business operations. This technology provides companies with key insights in areas such as quality control, smart inventory tracking and ensuring product freshness.

Cognitiwe, which also works with Microsoft as a solution partner, combines image processing technology and data from IoT systems with AI. Unlike traditional image processing applications, Cognitiwe’s approach offers effective inventory planning with proactive control.

Attila Algan, Co-Founder and CEO of Cognitiwe, expressed his gratitude for the support they received from the investors and said, “We are excited by the support of these esteemed investors who share our vision. This funding will allow us to position Cognitiwe as a leader in AI-powered image processing technologies in the global market. While perfecting our product, we have focused on the infrastructure necessary to become a global player. We have signed contracts with local partners and global sales networks in many different regions around the world, giving us significant visibility in regions ranging from South America to Australia, the Middle East to Europe. With the closing of our new investment round, we will focus on strengthening our team and focusing on more intensive activities to reach customers.

As Cognitiwe expands into new markets as a global player in the retail industry, it seems to have added another important milestone to its journey with this financing round.

For contact and more information, please visithttps://cognitiwe.ai/