Cognosos Solidifies Its Leadership Position in Asset Visibility & Intelligence

Funding Rounds

Summary

Cognosos patented wireless networking technology and AI-powered location engine drastically reduces deployment timelines enabling enterprises to implement highly accurate, real-time asset visibility in a fraction of the time required for legacy RTLS solutions. Logistics and processes optimization are taken to a new level, compared with legacy solutions, he added.Cognosos is already working with some of the biggest organizations in healthcare and manufacturing and is seeing demand for its unique technology and software platform with new customers at a record pace. The companys combined hardware, artificial intelligence powered software, and analytics solution delivers highly accurate asset tracking capabilities without the need of costly infrastructure, a significant departure from legacy products that are hardware-centric, less reliable, and require frequent maintenance.Business leaders cant afford to take hits to their bottom line just because they dont know where things are, but historically the large total cost of ownership has made the investment in an RTLS solution unfeasible, said Braxton Jarratt, CEO of Cognosos. The result: an ultra-lightweight footprint with minimal infrastructure that enables high-confidence asset location accuracy, and actionable insights that produce a measurable, hard-dollar, financial return.In addition to being voted one of the best places to work in 2022 by Atlanta Business Chronicle, the company was recently honored with the gold placement at 2022 Merit Healthcare Awards, the 2022 IoT Platforms Leadership Award from IoT Evolution and the gold placement for 2023 Merit Automotive and Transportation Awards.Cognosos is paving the way for the next generation of real-time location systems (RTLS). Cognosos cloud-based software, and ultra-lightweight footprint delivers an unparalleled combination of price and performance, reducing time-to-value, increasing ROI and eliminating the traditional deployment barriers of legacy systems.

$ Funding

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Amount $25.0M Total raised
Date March 8, 2023 Announcement date
Investors PSBJ TechFlash Cup Lead investors
Company http://www.cognosos.com/ Funded company

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