Announced
Completed
Financials
Sources
Tags
software development
Cross Border
Germany
Completed
Private
Venture Capital
Single Bidder
Friendly
Private Equity
Software
Minority
Acquisition
Synopsis
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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