Cognida.ai snags $15 million Series A from Nexus Venture Partners for enterprise AI adoption push

Cognida.ai, which works with clients across the manufacturing, healthcare, finance, and technology sectors, has announced the close of a $15 million Series A funding round, led by Nexus Venture Partners.

“Enterprise AI adoption has reached its tipping point,” says Feroze Mohammed, Founder and CEO at Cognida.ai. "While 87% of enterprises are investing in AI, only 20% successfully deploy solutions into production.”

“We are uniquely positioned to close the divide between ambition and achievement in integrating AI into everyday business processes. We’ve honed the expertise, tools, and delivery model needed to navigate the complexities of AI adoption. This investment validates our approach of delivering measurable ROI through practical AI solutions, leading the next wave of AI services companies.”

“AI’s mainstream adoption requires specialised service providers who can bridge the gap between cutting-edge capabilities and practical applications," says Anup Gupta, Managing Director at Nexus Venture Partners.

"We are impressed with Cognida.ai’s strong traction and innovative approach with a clear focus on practical AI solutions. Their success with enterprise clients showcases an ability to deliver real impact, and we’re excited to partner with Feroze and the team as they scale in this dynamic space.”

RTIH AI in Retail Awards

RTIH, organiser of the industry leading RTIH Innovation Awards, proudly brings you the first edition of the RTIH AI in Retail Awards, which is now open for entries. 

As we witness a digital transformation revolution across all channels, AI tools are reshaping the omnichannel game, from personalising customer experiences to optimising inventory, uncovering insights into consumer behaviour, and enhancing the human element of retailers' businesses.

As AI sees increasing adoption in the retail space, our newly launched awards celebrate global technology innovation in a fast moving omnichannel world and the resulting benefits for retailers, shoppers and employees.

Our 2025 winners will be those companies who not only recognise the potential of AI, but also make it usable in everyday work - resulting in more efficiency and innovation in all areas.

Winners willl be announced at an evening event at The Barbican in Central London on Thursday, 3rd July.

This will kick off with a drinks reception in the stunning Conservatory, followed by a three course meal, and awards ceremony in the Garden Room.

Please email our Editor, Scott Thompson, if you have any questions or need further information: scott.thompson@retailtechinnovationhub.com

FAQs

Is there a fee to enter the awards?: No, it is free of charge.

Can I enter across multiple categories: Yes.

Do I need to complete all the sections in the entry form? No, but the more information you provide, the better chance you have of producing a successful submission.

Is there a certain timeframe for nominated projects, initiatives etc? Yes, nominated projects, initiatives etc should have been completed (or substantially completed) during the last 12 months.

Who has visibility of our completed entry form and what information will be public should we win or be shortlisted? Only our Editor, Scott Thompson, and judging panel will view submissions. The information provided in the summary section of the entry form will be made public.

Do you only accept entries from UK-based companies? No, we accept entries from all parts of the world.

What is the shortlists process? Shortlists will be announced in April 2025, then shortlisted entries will be sent to our independent judging panel who will decide upon the winners and highly commended submissions. Shortlisted companies will be invited to attend an awards ceremony at The Barbican in Central London on Thursday, 3rd July 2o25.

Do winners and highly commended companies receive post-event coverage? Yes, post-event coverage includes articles on our website and also an in-depth awards review in our printed magazine. There is also the opportunity for a company profile type piece to be published on our site and within our magazine.

When is the deadline for 2025 submissions? Friday, 23rd May 2025.

When will the 2025 winners be revealed? Winners will be announced at an event at The Barbican in Central London on Thursday, 3rd July. This will kick off with a drinks reception, followed by a three course meal, awards ceremony, and after party featuring DJ until midnight.

Who will be judging submissions? Details of our 2025 judging panel will be announced in the near future.