AI startup Cognida raises $15 million in funding led by Nexus Venture Partners

Cognida.AI, which offers artificial intelligence solutions for enterprises, has raised $15 million in a funding round led by early-stage venture capital firm Nexus Venture Partners.The funds will be used to expand AI solutions in key industries, growing the team, and accelerating go-to-market strategies.

“Enterprise AI adoption has reached its tipping point. While 87% of enterprises are investing in AI, only 20% successfully deploy solutions into production,” said founder and chief executive Feroze Mohammed.

“We’ve honed the expertise, tools,…