TALLINN — CognitiweAI OÜ, a leader in artificial intelligence solutions for visual analysis, has successfully closed a $1.05 million funding round. The investment was backed by prominent venture capital firms and angel investors, including TechOne VC, Eleven Ventures, Flat6Labs, Domino VC, and Caucasus VC. This funding milestone underscores CognitiweAI’s innovation, resilience, and growing influence in the global market.

A Diverse Investor Network with Global Reach

This latest funding round builds on the momentum from CognitiweAI’s first investment round two years ago, also led by TechOne VC, with contributions from StartersHub, Startup Wise Guys, and EGIAD Angels. The wide-ranging support from investors across different sectors and countries highlights the company’s strong market position and international appeal.

Revolutionizing Retail Operations with Wefresh

CognitiweAI’s flagship product, Wefresh, is revolutionizing the retail industry through advanced artificial intelligence and image processing technology. Designed to optimize retail operations, Wefresh provides real-time insights and data-driven predictions, excelling in areas like quality control, smart stock tracking, and product freshness assurance.

What sets Wefresh apart is its integration of image processing outputs with Internet of Things (IoT) system data, enabling proactive control and efficient stock management. This innovative approach elevates the technology beyond conventional applications, offering retailers a significant competitive advantage.

Commitment to Innovation and Global Expansion

CognitiweAI’s partnership with Microsoft as a solution partner demonstrates its dedication to excellence and technological advancement. Reflecting on the company’s achievements and future plans, Co-Founder and CEO Attila Algan expressed gratitude for the investors’ trust:
“We are excited to have the support of esteemed investors who share our vision. This funding is a significant step in establishing Cognitiwe as a global leader in AI-supported image processing technologies. Over the years, we have not only refined our product but also built the infrastructure to grow internationally. With contracts signed with local partners and global sales networks, we have established visibility in regions spanning South America, Australia, the Middle East, and Europe.”

Future-Focused Growth and Innovation

The new investment will drive CognitiweAI’s growth by enhancing its team, expanding customer engagement, and further developing its cutting-edge solutions. By focusing on market expansion and intensifying customer outreach efforts, CognitiweAI is poised to solidify its position as a leader in AI-powered visual analysis for the retail sector.

This funding round marks a pivotal moment in CognitiweAI’s journey, reinforcing its commitment to innovation and its mission to transform retail operations globally.