Connect with us


Israeli startup, Cogniteam, raises $5.6m to enhance AI robotics services



Israel-based startup, Cogniteam, has announced raising a $5.6 million round to enhance services through Nimbus, its proprietary low-code AI robotics platform.

The Co-Founder and CEO, Dr. Yehuda Elmaliach, on Monday confirmed the development in a press statement made available to Ripples Nigeria.

According to Dr. Yehuda, the round saw participation from previous investors including Seabarn Management, (Andrew Owens) and UK-based Panthera family office members.

Ripples Nigeria gathered the round is expected to enable Cogniteam boost product development and Nimbus sales further as the robotics revolution continues to show both consumer and commercial demand.

Since its debut in 2007, the startup has boosted collaborative robotic development capabilities, helping companies bring new robotic programs to market in a fraction of the time.

Speaking on the development and vision of the company, Dr. Yehuda said:

“Our low-code approach to robotics development is changing the programming landscape.

Read also :Two Nigerian startups shortlisted among top 45 African startups. 2 other stories and a trivia.

“We reimagined what is possible to accelerate and future-proof robotic development with the Nimbus platform.

“Nimbus’ low-code approach is changing the programming landscape by offering a simulated environment where software developers can thoroughly test their capabilities before the prototype physical robot build-out has been completed.”

Commending the startup for recording significant impact and growth in the market, lead investor, Andrew Owens, noted that the new investment was an opportunity for investors to increase stakes in the company.

He said: “We seized the opportunity to increase our investment in Cogniteam following the successful launch of Nimbus and the team’s demonstrated ability to surpass critical milestones.

“Cogniteam’s proven capabilities have generated exciting demand from the market, which the investors are excited to facilitate.”

Meanwhile, the 15-year old Cogniteam has been handpicked to co-lead a $20 million Human-Robot Interaction (HRI) consortium, funded by the Israeli Innovation Authority.

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Click to comment

Leave a Reply

Your email address will not be published.

2 + one =