https://www.forbes.com/sites/jonathankeane/2024/02/06/robot-delivery-player-starship-raises-90-million-round/?sh=5e199dbf6ec4

Bulgaria's Eleven Ventures invests in Cognitiwe

Read More
All Posts

Bulgaria's Eleven Ventures invests in Cognitiwe

Bulgarian venture capital (VC) firm Eleven Ventures invested 400,000 euro ($432,100) in Estonia-
based predictive vision AI platform Cognitiwe as part of a 1 million euro funding round.


Cognitiwe plans to use the financial injection to expand into new markets and retail segments while
implementing additional features and improving its technical capabilities, the Eleven Ventures
representative said in response to a SeeNews enquiry.


The platform intends to expand into the EU first by strengthening its team and infrastructure. It will
create local teams in markets in Southern Europe and the Gulf Region, with the aim of reaching
the US market in the long term. Cognitiwe will also add fraud and shrinkage detection features and
will step into retailer segments such as cosmetics and electronics.


Founded in 2021, Talinn-based Cognitiwe seeks to redefine the retail landscape by revolutionising
efficiency and sustainability and minimising food waste. The company uses internet protocol
cameras to provide real-time insights and predictions that improve the daily operations of retailers
and manufacturers.

 

 

Source: https://seenews.com/news/bulgarias-eleven-ventures-invests-in-cognitiwe-849181 

 

Don't miss out on the excitement! Reserve your spot at one of our upcoming events:

SCALE UP WITH WOLVES AND EUROPEAN CVC AWARDS 

26 March 2024, Spielfeld Digital Hub, Germany + online

EXPLORE TICKETING OPTIONS- BERLIN

 

 

WOLVES SUMMIT CEE

8-9 May 2024, Copernicus Science Centre, Warsaw, Poland + online

EXPLORE TICKETING OPTIONS- WARSAW

Related Posts

Estonia’s Salesforge raises €467K in pre-seed funding to be an AI copilot for B2B sales execution

Tallinn-based Salesforge, a developer of an all-in-one sales execution app has secured $500K (approximately €467K) in a pre-seed round from BADideas.fund, Spring Capital, Fiedler Capital, and super angel Maciej Zawadzinski. The recent funding round will support Salesforge’s growth and expansion, enabling the company to unlock new channels and autonomous capabilities. Salesforge is an all-in-one sales execution application that serves as an AI co-pilot and will soon be able to function as an autopilot. https://siliconcanals.com/news/startups/estonias-salesforge-raises-467k/

Germany’s The Mobility House gets investment from RheinEnergie to use electric cars as grid storage

Munich-based The Mobility House, a company that provides mobility energy solutions, announced on that it has secured investment from RheinEnergie, a Cologne-based energy service provider. However, the exact details about the funding were not disclosed. The Mobility House’s technology portfolio focuses on transforming mobile and stationary electric vehicle batteries into aggregated storage and flexibility potential. As part of this strategic partnership, RheinEnergie will expand its offering in particular in the energy supply for households and electromobility in the future. https://siliconcanals.com/news/startups/the-mobility-house-gets-investment-from-rheinenergie/

14Peaks Raises $30 Million To Back Fintech And The Future Of Work

14Peaks’ inaugural fund has closed with $30 million raised from a combination of family offices and high-net-worth individuals. Edoardo Ermotti, the founder of this Swiss venture capital firm, sought to recruit a relatively tight circle of limited partners – a select group with relevant experience and contacts for portfolio companies as well as capital to offer. Although the fund has only formally closed this month, Ermotti has been raising money since 2022, when 14Peaks was launched, and has already added 11 companies to the portfolio. The fund’s focus is on business-to-business software providers in two verticals – financial technology (fintech) and the future of work. Early investments include a stake in Rain, the US fintech which works with employers to offer staff advances on salary for hours they have already worked, and Threatfabric, a Dutch cybersecurity specialist. https://www.forbes.com/sites/davidprosser/2024/04/23/14peaks-raises-30-million-to-back-fintech-and-the-future-of-work/?sh=456b0cc592b8