# Cogent Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cogent-labs

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: www.cogent.co.jp/
- Total disclosed funding: $35M
- Latest round: Series C (Mar 25, 2020)
- Investors on record: 14

## About

Based in Japan, Cogent Labs Inc. specializes in advanced artificial intelligence solutions, with a focus on document processing technologies that enhance operational efficiency across various industries.Cogent Labs Inc., founded in 2014 in Tokyo, Japan, provides AI-driven solutions tailored for document data processing. The firm has successfully executed 6 deals to date, with its most recent funding round occurring on October 3, 2023, when it raised JPY 299 million in SERIES F funding from NTT FINANCE CORPORATION. The total amount raised by the company stands at JPY 299 million, with a current valuation of JPY 9,665.567 million. The company was co-founded by Ahmed Buksh, Eric Whiteway, and Sher Ali, with Ehmad Zubair acting as CEO.Cogent Labs focuses on providing advanced artificial intelligence solutions, including its flagship AI OCR service "SmartRead" and the handwriting recognition system "Tegaki." SmartRead enhances document data conversion by reading and automatically sorting diverse forms, addressing the needs of industries that require efficient document processing. Tegaki boasts accuracy rates of up to 99.22%, significantly reducing manual data entry. The Natural Language Understanding Engine, Kaidoku, further supports automatic processing of unstructured text data, benefiting sectors such as finance, healthcare, and logistics. The firm primarily markets its products in Asia, with a growing presence in North America and Europe, catering to enterprises that handle large volumes of documentation.Cogent Labs generates revenue through subscription models and partnerships, providing B2B solutions to various clients. Businesses subscribe to services like SmartRead and Tegaki to integrate AI technologies into their operations. Tailored pricing plans are offered based on client needs, allowing for scalability according to document processing volumes. This structure fosters long-term relationships with clients, ensuring continuous support and product updates.In October 2023, Cogent Labs Inc. raised JPY 299 million in SERIES F funding from NTT FINANCE CORPORATION. This investment is aimed at enhancing synergies between the two firms, improving operational efficiency, and promoting digital transformation (DX) for numerous client companies. The company plans to expand its market presence in North America and Europe while developing new products to further enhance its service offerings.

## Funding rounds

- Series C, Mar 25, 2020, $13M — Sumitomo Mitsui Trust Bank, Seven & i Holdings Co., Ltd., AIZAWA Investments, COMTURE CORPORATION
- Series B, May 23, 2019, $11M — Samsung Venture Investment, Kiwoom Investment, K2 Investment Partners, NCORE Ventures
- Series B, Jan 30, 2019 — Sumitomo Mitsui Trust Bank, Nomura Holdings, Mizuho Bank, SBI Investment, Kyoto Information Processing Service co.,ltd., TIS
- Series A, Feb 28, 2017, $11M — SBI Investment, TOPPAN Holdings

## Investors

- SBI Investment (https://capitalatlas.ai/funds/sbi-investment) — Series A, Series B
- TOPPAN Holdings — Series A
- Sumitomo Mitsui Trust Bank — Series B, Series C
- Nomura Holdings — Series B
- Mizuho Bank — Series B
- Kyoto Information Processing Service co.,ltd. — Series B
- TIS — Series B
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Series B
- Kiwoom Investment (https://capitalatlas.ai/funds/kiwoom-investment) — Series B
- K2 Investment Partners (https://capitalatlas.ai/funds/k2-investment-partners) — Series B
- NCORE Ventures (https://capitalatlas.ai/funds/ncore-ventures) — Series B
- Seven & i Holdings Co., Ltd. — Series C
- AIZAWA Investments (https://capitalatlas.ai/funds/aizawa-investments) — Series C
- COMTURE CORPORATION — Series C