Kognitos

Kognitos

Automation platform for structured and unstructured data

About Kognitos

Simplify's Rating
Why Kognitos is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Enterprise Software

AI & Machine Learning

Company Size

51-200

Company Stage

Series A

Total Funding

$28.4M

Headquarters

San Jose, California

Founded

2021

Overview

Kognitos offers an automation platform that helps businesses manage both structured and unstructured data, as well as complex workflows. This platform is particularly beneficial for companies with heavy document processes and frequent exceptions in their operations, such as those in logistics and supply chain management. Users can streamline repetitive tasks and reduce manual effort through a user-friendly interface that requires no coding skills. A key feature of Kognitos is its use of Generative AI and a Human Language Interpreter, which allows users to teach the platform how to handle exceptions using natural language, making the automation process more intuitive. Kognitos operates on a software-as-a-service (SaaS) model, charging clients a subscription fee while helping them save time and reduce costs through automation.

📈
Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Kognitos raised $20M in Series A funding, indicating strong market confidence.
  • Partnership with Wipro enhances Kognitos' reach in order management and finance services.
  • The rise of no-code platforms aligns with Kognitos' user-friendly automation solutions.

What critics are saying

  • Increased competition in generative AI could dilute Kognitos' market share.
  • Rapid AI advancements may render Kognitos' offerings obsolete if not updated.
  • Over-reliance on Wipro partnership poses risks if dynamics change.

What makes Kognitos unique

  • Kognitos uses Generative AI and Human Language Interpreter for intuitive exception handling.
  • The platform supports both structured and unstructured data, enhancing its versatility.
  • Kognitos offers a no-coding interface, making it accessible to mid-level technical users.

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Funding

Total Funding

$28.4M

Above

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$20M
Kognitos
$30M
Kalshi

Benefits

Flexible Work Hours

Remote Work Options

Health Insurance

Dental Insurance

Vision Insurance

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

5%

2 year growth

9%
Yahoo Finance
Jul 24th, 2024
Platforms For Leveraging Ai Win Isg Startup Challenges

SilkFlo, Kognitos and Ema voted top technology pitches at ISG events in London and New YorkSTAMFORD, Conn., July 24, 2024--(BUSINESS WIRE)--Solutions for helping enterprises manage automation and AI pipelines, build automated workflows and deploy a universal AI "employee" won ISG Startup Challenges at recent events in London and New York hosted by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.ISG Startup Challenges feature entrepreneurs behind innovative solutions who deliver pitches on how their technology will add the most value to a business or community. Event judges question the presenters, and audience members vote for the technology they are more likely to implement within their own organizations.Audience members at the ISG Digital Business Summit, June 25–26, at the Royal Lancaster London Hotel, voted SilkFlo the ISG Startup Challenge winner. SilkFlo is a SaaS platform for automation and AI pipeline management. Its founder Alexander Leonida pitched against Mark Green, CEO and founder of change management provider Change Rebellion, and Thomas Naylor, founder of business-to-business directory Hifo.co, which matches buyers and sellers of technology services and solutions."The ISG Market Lens™ Artificial Intelligence Study found the top enterprise priorities for AI are to create a long-term AI strategy or roadmap and identify AI use cases that build new revenue streams or improve customer experience," said Karen Healy, partner and global leader of ISG Events. "Given the strong marketplace interest in harnessing AI, it’s no surprise the ISG Startup Challenge winners at our events this spring were pitching solutions for developing, launching and governing AI."Erick Pringle, builder, Kognitos, won the Startup Challenge at the ISG Future Workplace Summit, May 13–14, at the Convene 360 Madison event space in New York City. Kognitos uses natural language processing automation and large language models to enable business users to build automated workflows using everyday English

PR Newswire
May 8th, 2024
Wipro, Kognitos Launch GenAI Automation

Wipro and Kognitos Inc. have announced a collaboration to deploy GenAI-based Business Automation Solutions. Wipro's Digital Operations and Platforms will use Kognitos' platform to enhance productivity in areas like order management and finance services. Additionally, Wipro Ventures invested in Kognitos during its Series A funding round. The partnership aims to leverage AI for automating complex business processes and achieving operational efficiencies at scale.

Stock Titan
May 8th, 2024
Wipro, Kognitos Launch GenAI Automation

Wipro and Kognitos Inc. have partnered to deploy GenAI-based Business Automation Solutions, enhancing productivity in large transformation engagements. Wipro's Digital Operations and Platforms will use Kognitos' platform for automating complex workflows in areas like order management and finance. Additionally, Wipro Ventures invested in Kognitos during its Series A funding round, although the specific funding amount was not disclosed.

Business Wire
Apr 30th, 2024
Customer Experience Drives Workplace Decisions, Isg Research Finds

STAMFORD, Conn.--(BUSINESS WIRE)--A majority of enterprises say customer experience drives their decisions on remote or hybrid work, according to new survey research from Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm. Eighty percent of respondents to the ISG Market Lens™ Future Workplace study said the end-customer experience is an important or very important factor in the decisions they make around remote and flexible working. Respondents also cited attracting the best talent (82 percent), employee mental health (81 percent), employee retention (81 percent) and employee productivity (80 percent) as factors. The ISG study findings and other insights about the future of work will be discussed at the ISG Future Workplace Summit, May 13–14, at Convene 360 Madison in New York City. ISG advisors and analysts will be joined by executives from leading global companies to explore technological and cultural strategies for creating and sustaining a thriving and competitive workplace

PYMNTS
Mar 21st, 2024
New Ai Training Method Boosts Reasoning Skills By Encouraging ‘Inner Monologue’

To improve artificial intelligence (AI), it might pay to mimic the human brain. Researchers have developed a novel training method called “Quiet-STaR” that improves the reasoning abilities of AI systems. The approach involves instructing AI to generate multiple internal rationales before responding to conversational prompts, mirroring how humans often think before speaking. It’s among several innovative strategies to enhance AI by incorporating reasoning similar to that of humans. “The performance of AI will significantly improve if it can think like a human,” Venky Yerrapotu, the CEO of 4CRisk, which makes AI products for the compliance and risk sector, told PYMNTS in an interview. “Human-like thinking is unique and complex and communicates with context, nuance and implied meanings

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