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Brazil-based Cogtive Secures $10Million in Funding – FUNDING NEWS

Cogtive, a business that uses digital twins, artificial intelligence, and IoT technologies to increase industrial sectors' productivity secures $10million in funding from Indicator Capital.

Cogtive, a business that uses digital twins, artificial intelligence, and IoT technologies to increase industrial sectors’ productivity secures $10million in funding from Indicator Capital.

The money will be used by the business to quicken the development and use of artificial intelligence in supply chains and on the “plant floor.”

Cogtive, led by CEO Reginaldo Ribeiro, offers technology that enhances production teams’ managerial potential and operational excellence in manufacturing sectors of all sizes and maturities.

Read also – CA-based AiDash Secures $58.5Million in Series C Round Funding- FUNIDNG NEWS

The system ensured a thorough awareness of every aspect of the production flow, analysed machine efficiency individually, and offered a full perspective of the plant floor through data integration.

TÇLOR, a generative and discriminative artificial intelligence, improves the speed at which all phases may be seamlessly integrated and utilised without any additional steps. It will enable a production manager to understand, in plain English, if they will be able to fulfil the monthly plan and what steps they must take to make that happen.

Reginaldo Ribeiro said: “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.”

About COGTIVE

A SaaS called COGTIVE assists industries in realising their maximum performance potential. COGTIVE is situated at CUBO, the biggest startup hub in Latin America, in São Paulo. They now have contracts in place with top manufacturers in the chemical, pharmaceutical, animal health, automotive, and other industries.

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