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Cognitiwe, a local startup that offers visual data processing and analysis solutions, received an investment of $1.05 million

Local startup Cognitiwe successfully completed another investment round with an investment of $1.05 million. The investment round, structured with the Secure Note system, was supported by leading venture capital firms and angel investors such as TechOne Venture Capital, Eleven Ventures, Flat6Labs, DOMiNO Ventures and Caucasus Ventures.

Cognitiwe, which offers artificial intelligence solutions in the field of visual data processing and analysis, was supported in the investment tour led by TechOne in 2021, including StartersHub, Startup Wise Guys and EGIAD Angels.

Cognitiwe, which has managed to attract the attention of a diverse group of investors from different business lines since its establishment, continues to strengthen globally by providing financing from reputable investors in different countries.

The company’s flagship Wefresh product uses advanced artificial intelligence and image processing technology to provide retailers with real-time insights and data-driven predictions to optimize business operations. This technology provides companies with important information in areas such as quality control, smart stock tracking and ensuring the freshness of products.

CognitiweAI’s image processing technology, which also works as a solution partner with Microsoft, and its approach of combining data from IoT systems with AI, offers proactive control and effective stock planning, unlike traditional image processing applications.

Attila Algan, Co-Founder and CEO of CognitiweAI OU, said in a special statement;

“We are excited by the support of these respected 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 focused on the necessary infrastructure work to become a global actor. We have signed contracts with local partners and global sales networks in many different regions of the world. In this way, we gained significant visibility in various regions from South America to Australia, from the Middle East to Europe. With the end of our new investment round, we will focus on both strengthening our team and more intensive activities to reach customers.”

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

Source: Egirisim / Prepared by Irem Yildiz

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