Cognosos, an Atlanta, GA-based sensing-as-a-service (SaaS) company, completed a $7.1m Series A financing.
The round was led by Cox Enterprises with participation from Covalent Partners and CheckFree Founder Pete Kight.
Founded in 2014 by Sanjoy Malik, chairman, and Jim Stratigos, CTO with patented technology developed at the Smart Antenna Lab at Georgia Tech, Cognosos provides a cloud-based software defined wireless platform which enables enterprises to deploy IoT services. The first Cognosos managed service to incorporate RadioCloud is RadioTrax™, a fully managed, end-to-end wireless sensing solution for real-time automotive inventory tracking within dealerships, auction locations and port authorities.
In conjunction with the funding, the company also announced that Cisco veteran Sandeep Vohra will take over as CEO, and Pete Kight will join the board of directors.