London-based Cognism is one of the leading all-in-one globally compliant B2B prospecting solutions in the world. It is powered by patented Artificial Intelligence (AI) technology and provides organisations with compliant B2B data and a suite of sales acceleration tools. The company lets worldwide business customers find and deliver new revenue at a faster rate.
Secures €10.6M funding
In a recent development, Cognism has announced that it has bagged $12 million (nearly €10.6 million) funding in a round led by AXA Venture Partners. It is an extension to the already secured $10 million (nearly €8.9 million) it raised from PeakSpan Capital. With the latest funding round, Cognism prepares itself for the next stage of growth.
AXA Ventures Partners is known for investing in great entrepreneurs and companies. Cognism will use the investment to open more offices across Europe. It will also deepen its localised regulatory expertise that will help it fulfil its ambition of setting a global standard for data compliance in 2020.
The last funding round helped Cognism open an office in New York and expand its offices in the UK, Asia, and Europe. It also enhanced its AI expertise by roping in James Hodson, who was the former head of AI at Bloomberg as its Chief Science Officer.
Leading B2B data provider
Established in 2015, Cognism has grown into a leading B2B data provider in Europe. With the introduction of the GDPR in 2018, the company got the opportunity to build a leading compliant product. ItsIt presence in the Europe and UK market let it build up an exceptional network of localised regulatory knowledge. By collaborating with a leading UK law firm that focuses on data protection, this company built a leading GDPR compliant prospecting solution.
Its B2B lead generation tools are trusted by more than 500 clients across the world including industries such as recruitment, technology, marketing, and sales.
James Isilay, the CEO of Cognism said, “I’m delighted that AXA Venture Partners is investing in Cognism. It’s a ringing endorsement of how hard everyone in the company has worked to make us Europe’s leading go-to-market data provider. At Cognism, we have always wanted to do things differently, from providing innovative solutions to our clients’ lead generation challenges to remaining committed to full compliance with the GDPR. No other business in our space can boast of these achievements. Our partnership with AXA ensures that Cognism is a debt-free company and affords us a short runway to profitability in 2021.”
Main image picture credits: Cognism
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