With this investment, the startup will
accelerate the development and implementation of artificial
intelligence on the 'plant floor' and supply chains.
SÃO PAULO, April 30,
2024 /PRNewswire/ -- Cogtive, a startup
that enhances the productivity of Manufacturing industries through
IoT technologies, digital twins, and artificial intelligence,
receives a R$ 10 million investment
from Indicator Capital, the largest early-stage venture capital
firm in Latin America specializing
in the Internet of Things (IoT). This investment aims to help the
company address a significant challenge in the industrial
sector: ensuring that factories operate at their maximum
capacity by mapping inefficiencies in the production process and
delivering tools for optimization.
Most of the seed investment, a modality applied to early-stage
expanding startups, will be directed toward product development and
commercial expansion. "We want to expand our presence by
positioning ourselves as the number 1 solution for
productivity gains in Manufacturing, especially for industrial
segments such as pharmaceuticals, animal health, cosmetics, food
and beverages, paints, and chemicals in Latin America," says Cogtive CEO, Reginaldo Ribeiro.
Cogtive's technology maximizes the management capacity of
production teams and operational excellence in manufacturing
industries of various sizes and levels of maturity. From beginners
in the digital journey who do not yet collect data to those with
more advanced tools. The solution provided a comprehensive view of
the plant floor through data integration, analyzing machine
efficiency individually, and ensuring an understanding of all areas
of the production flow.
Leadership in Artificial Intelligence
The ability to integrate all stages quickly and 'plug and play'
is enhanced with the robustness of a generative and discriminative
artificial intelligence, named TÆLOR. "With it,"
explains Ribeiro, "a production manager will be able to know, in
natural language, if they will be able to meet the monthly plan and
what actions they need to take for that to happen." "It's a
milestone in manufacturing history," he reinforces.
Indicator Capital co-founder Thomas
Bittar emphasizes: "Cogtive, through sensors connected to
machines, fits perfectly into our Internet of Things 4.0 industry
thesis. Embedded in an industrial environment representing almost a
quarter of the country's GDP, the company has enormous potential to
be explored in the national market."
Investment focused on growth and expansion
The startup's rapid growth - doubling the number of clients in
the last 12 months - and the results achieved were determining
factors in the investment decision. Indicator Capital will support
Cogtive's team in various business areas through its Building Value
Together® methodology.
The connection between Cogtive and Indicator Capital was
facilitated by Cubo Itaú. CEO Paulo
Costa explains: "Reginaldo already knew about Indicator's
work, had participated in some events, and knew about the potential
and synergy. So, during an event our hub promoted, there was a
conversation, and everything progressed."
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SOURCE Cogtive