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Auto Tech Series B Founded 2014

Cognosos

Cognosos develops an IoT-enabled real-time location system (RTLS) that uses patented communication technology combined with artificial intelligence and machine learning to deliver highly accurate location intelligence with ultra-light infrastructure. Unlike traditional RTLS solutions that require dense infrastructure deployments, Cognosos leverages widely available technologies like GPS and Bluetooth enhanced by…

📍 Atlanta, United States · Auto IT,

Funding snapshot

Last roundSeries B
Amount$25M
Date8 March 2023
Total raised$41M
Team size99

About

Cognosos develops an IoT-enabled real-time location system (RTLS) that uses patented communication technology combined with artificial intelligence and machine learning to deliver highly accurate location intelligence with ultra-light infrastructure. Unlike traditional RTLS solutions that require dense infrastructure deployments, Cognosos leverages widely available technologies like GPS and Bluetooth enhanced by proprietary AI/ML algorithms to achieve precise indoor and outdoor tracking at lower cost and complexity. The company serves two primary verticals. In healthcare, Cognosos provides RTLS for hospital operations including asset tracking (ensuring clean equipment availability), staff safety and duress monitoring, environmental monitoring for refrigerators and freezers, and hand hygiene compliance automation. In automotive and logistics, the platform offers finished vehicle logistics tracking, quality management, vehicle upfitter visibility, returnable container and dunnage tracking, trailer yard management, auto auction workflow optimization, and supply chain actionability. Customers report 92% reduction in equipment loss and 24/7 real-time visibility across 100% of inventory. Founded in 2014 and headquartered in Atlanta, Georgia, Cognosos has raised approximately $40.9 million in a Series B round backed by Cox Enterprises, Covalent Partners, Riverwood Capital, Georgia Research Alliance, Southeast Investor Group, and VentureLab.

Business model

Auto IT > Dealer Management > Inventory Management > Suite

Institutional investors

Cox Enterprises Covalent Partners Riverwood Capital Georgia Research Alliance Southeast Investor Group VentureLab Peter Kight Pete Kight

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