SÃO PAULO, April 30, 2024 – Cogtive, a startup revolutionizing the manufacturing industry through IoT technologies, digital twins, and artificial intelligence, has secured a R$ 10 million investment from Indicator Capital. This investment will drive the development and implementation of artificial intelligence on the plant floor and across supply chains, addressing the challenge of maximizing factory productivity.
The majority of the investment will be allocated to product development and commercial expansion, positioning Cogtive as the leading solution for productivity gains in manufacturing, specifically in sectors such as pharmaceuticals, animal health, cosmetics, food and beverages, paints, and chemicals in Latin America. Cogtive’s technology offers a comprehensive view of the plant floor, analyzing machine efficiency and optimizing production flow for manufacturing teams of all levels.
Cogtive’s innovative artificial intelligence, COUNTER, enables production managers to make informed decisions in real-time, ensuring maximum operational efficiency. This breakthrough technology marks a significant milestone in the history of manufacturing.
Thomas Bittar, co-founder of Indicator Capital, recognizes Cogtive’s potential within the Internet of Things 4.0 industry, aligning perfectly with the firm’s investment thesis. With a rapidly expanding client base and impressive results over the past year, Cogtive is poised for growth and expansion in the national market.
The partnership between Cogtive and Indicator Capital was facilitated by Cubo Itaú, highlighting the synergies and potential for collaboration between the two entities. CEO Paulo Costa notes the seamless connection between Cogtive’s innovative solutions and Indicator Capital’s support through its Building Value Together® methodology.
In conclusion, Cogtive’s latest investment marks a significant milestone in the manufacturing industry, leveraging cutting-edge technologies to drive productivity and optimization in factories across Latin America. This partnership with Indicator Capital sets the stage for further growth and expansion, solidifying Cogtive’s position as a leader in artificial intelligence and IoT-driven solutions for the manufacturing sector.
SOURCE: Cogtive
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