# CognitOps

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cognitops

- Industry: Software
- Headquarters: Austin, US
- Website: www.cognitops.com
- Total disclosed funding: $15M
- Latest round: Series A (May 6, 2021)
- Investors on record: 5

## About

CognitOps Inc. is a technology company specializing in optimizing and automating supply chain and logistics operations through an advanced platform that utilizes machine learning and data analytics for improved decision-making.Founded in 2018 and headquartered in Austin, US, CognitOps Inc. focuses on providing solutions for supply chain management and logistics. The company was established by Alex Ramirez and Reas Macken, who have previous entrepreneurial experience. CognitOps has successfully completed three funding rounds, with the latest, a Series A round in May 2021, raising USD 11 mn and led by FirstMark Capital, alongside other investors such as CEAS Investments, Chicago Ventures, Haystack, and Schematic Ventures.CognitOps offers a robust suite of solutions designed to optimize and automate operations within various sectors, particularly focusing on supply chain management and logistics. Their core product is a comprehensive platform that integrates machine learning and data analytics to enhance decision-making processes in inventory management, demand forecasting, and operational efficiency. The platform serves a diverse client base, including manufacturers, distributors, and retailers across North America and Europe, all of whom seek to streamline operations and reduce costs. By facilitating real-time visibility into supply chain dynamics, CognitOps addresses critical issues such as inventory excess, stockouts, and inefficient resource allocation. The company’s solutions have been well-received since their launch, with numerous case studies highlighting improvements in operational performance for its clients.CognitOps generates revenue primarily through a subscription-based model, where clients pay for access to the platform and its suite of services. This transactional structure includes tiered pricing plans tailored to the specific needs of businesses, accommodating various levels of usage and feature access. Enterprise clients may engage in long-term partnerships for customized solutions, while smaller businesses might opt for streamlined packages. Revenue is supplemented by professional services such as implementation support and ongoing customer training, enhancing client value and contributing to the company's financial stability.Following its Series A funding round in May 2021, CognitOps Inc. plans to utilize the USD 11 mn raised to expand internationally, increase sales capacity, and enhance product development. The company aims to enter new geographic markets by the end of 2022, focusing on regions where demand for supply chain optimization is rapidly growing. Development of new products is also on the horizon, with specific timelines for release yet to be disclosed.

## Funding rounds

- Series A, May 6, 2021, $11M — FirstMark Capital, Chicago Ventures, Haystack, Schematic Ventures, CEAS Investments
- Seed, Jun 2, 2020, $3M — Chicago Ventures, Schematic Ventures, CEAS Investments
- Seed, Sep 24, 2018, $0.5M — Haystack, Schematic Ventures

## Investors

- Haystack (https://capitalatlas.ai/funds/haystack) — Seed, Series A
- Schematic Ventures (https://capitalatlas.ai/funds/schematic-ventures) — Seed, Series A
- Chicago Ventures (https://capitalatlas.ai/funds/chicago-ventures) — Seed, Series A
- CEAS Investments — Seed, Series A
- FirstMark Capital (https://capitalatlas.ai/funds/firstmark-capital) — Series A