News: Press Coverage
Tech startup CognitOps lands $3 million funding for “warehouse operating system”
DCVelocity | June 16th, 2020
Software uses artificial intelligence to create smooth workflow from jumble of DC automation tools, firm says.
Logistics technology startup CognitOps plans to accelerate development of its artificial intelligence (AI)-based warehouse management software platform after receiving a $3 million venture capital investment, the company said today.
Chicago Ventures led the investment round, with additional participation from Schematic Ventures, CEAS Investments, and Churton Ventures. The money follows a $3 million seed round completed in 2019.
Austin, Texas-based CognitOps says its software models and automates warehouse management, acting as a “warehouse operating system” that can manage the proliferation of supply chain platforms like robotics and automation.
“Current market conditions have supply chains under duress,” Chicago Ventures Principal Peter Christman said in a release. “CognitOps is helping enterprises adapt by unlocking hidden efficiency and capacity in their warehouse operations. We’re excited to support the CognitOps team’s vision for automating warehouse management.”