Cognosos, an Atlanta, GA-based provider of a real-time location services (RTLS) and process optimization software platform, raised $25M in funding.
The round was led by Riverwood Capital. Riverwood Capital’s Joe De Pinho and Eric Ma will join the Cognosos Board of Directors.
The company intends to use the funds to expedite growth and momentum across all parts of the business, continue to recruit and hire talent in every department, expand its go-to-market efforts in automotive, healthcare and logistics categories as well as new segments, to accelerate the development and deployment of platform enhancements and complementary offerings.
Led by CEO Braxton Jarratt, Cognosos provides cloud-based real-time location systems (RTLS) supporting brands in industries like healthcare, automotive, logistics and manufacturing to track their assets’ movements, improve their operational visibility, and maximize productivity safely. Its software, and footprint delivers a combination of price and performance, reducing time-to-value, increasing ROI and eliminating the traditional deployment barriers of legacy systems. In 2022 alone, Cognosos tracked over 37 million asset movements for its customers (with applications in finished vehicle logistics, yard management and hospital asset tracking/orchestration).
The company is already working with some of the biggest organizations in healthcare and manufacturing.
FinSMEs
09/03/2023