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Announced

Completed

Insight Partners led a $44m Series B round in Cognigy.

Financials

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Transaction Value£31m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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software development

Cross Border

Germany

Completed

Private

Venture Capital

Single Bidder

Friendly

Private Equity

Software

Minority

Acquisition

Synopsis

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Insight Partners led a $44m Series B round in Cognigy, a provider of omnichannel Customer and Employee Service Automation with its Conversational AI platform, with participation from DN Capital, Global Brain, Nordic Makers, Inventures and Digital Innovation and Growth. "The past four years have seen us emerge as a leader in the Enterprise Conversational AI space and we are extremely happy to be partnering with Insight Partners for the next phase of our journey. This investment will enable us to significantly expand our operations in North America, Europe and Asia, whilst maintaining our clear product leadership position and building on our strong industry partnerships," Philipp Heltewig, Cognigy CEO.

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