AI solution company Cognecto raises Rs 4 cr in seed round

AI solution Cognecto announced a seed round of Rs 4 crore led by Inflection Point Ventures. The funds will be used to create Regenerative Artificial Intelligence technology that will provide business and operational insights to the mining and construction industries. This will entail combining data from existing and widely distributed telematics systems with operator inputs via mobile apps and wearable devices, as well as combining AI to drive smart allocation, routing, and operational and maintenance effectiveness. The startup from Bengaluru has worked on artificial intelligence and machine learning. Rohet Sareen, Head of Business Development, Divyani Singh, Head of Product Development, and Anshul Saxena, Chief Technology Officer lead the company. The company offers IoT, predictive analytics, and managed services for heavy equipment. It serves heavy industries such as mining, aluminium, highways, and logistics and has a presence in Asia, Europe, Australia, and Africa. The company connects frontline workers and equipment on a single platform to provide a unified view of mining and construction operations, allowing businesses to generate analytics. In addition, the platform provides industry-specific key performance indicators (KPIs) and specialised knowledge. Also Read BPCL aims to set up 240 MW green power facilities this year ReNew Power issues high-yield offshore bond worth Rs $400 mn