“CognitOps, a global provider of artificial intelligence-based warehouse operating applications, announces today that it has raised US$11 million in a Series A round of financing. FirstMark Capital led the investment round, with all of the company’s major investors participating, including Chicago Ventures, Schematic Ventures, Haystack, and CEAS Investments. Beth Ferreira, Partner at FirstMark, will join the CognitOps Board of Directors.

 

‘CognitOps is tapping into a clear market need and is off to an explosive start,’ says Beth Ferreira, a general partner at New York City–based firm FirstMark Capital. ‘We believe they are at an inflection point to unleash the potential of the modern distribution center by leveraging artificial intelligence and data science at scale. The supply chain disruptions of the past eighteen months have highlighted the pain points in the warehouse and have emphasized the market need for new, innovative solutions. CognitOps has only just begun to revolutionize warehouse operations and we are thrilled to be partnering with the team.’

 

‘We’re humbled by FirstMark’s conviction in our vision, and we’re excited to welcome Beth to our team,’ said Alex Ramirez, Co-founder and CEO of CognitOps. ‘Beth’s unique combination as a former operator at Fab.com and Etsy, along with her expertise in the capital markets are going to be accelerants to our growth.'”

 

Read the full post on CognitOps’ website here.