Artificial intelligence solution Cognecto has secured an investment of Rs 4 crore in a seed round led by Inflection Point Ventures.
The proceeds will be deployed to develop regenerative artificial intelligence technology that is aimed at providing valuable business and operational insights for the mining and construction sectors, Cognecto said in a press release.
The Bengaluru-based Company is a deep-tech centric platform that uses IOT-based edge devices and performs analytics on the huge data received to provide business insights for heavy equipment. Cognecto specialises in providing AI-based solutions for the construction industry, specifically in the areas of analytics and managed services.
Founded in 2020, Cognecto connects frontline workers and equipment on a unified platform to cater a comprehensive view of mining and construction operations, enabling businesses to generate valuable analytics. The platform also offers industry-specific key performance indicators (KPIs) and specialised expertise.
Cognecto claims to have a global presence on four continents – Asia, Europe, Australia, and Africa serves several heavy industries, including mining, aluminium, highways, and logistics
