Cogniquest

We're thrilled to partner with Cedar-IBSi Capital at Cogniquest! We see immense value in their unmatched expertise in FinTech research, consulting, and the complete Cedar-IBSi platform, besides the investment. This collaboration will be a game-changer for Cogniquest's ambition to build a global platform from India in the BFSI space. Cedar-IBSi Capital was the natural choice to have on our side!
– Satish Grampurohit, Co-founder and CEO, Cogniquest

Cogniquest is a next-gen AI company building a data-centric AI platform for document intelligence and text analytics. This platform can process data streams and documents with high accuracy and minimal training, utilizing context-aware cognitive technologies to simplify complex document-intensive processes. Cogniquest’s “patent-applied” platform extracts, reconciles, and monitors data from complex sources, automating document processing for enterprises. Leveraging cutting-edge research and innovation, it empowers organizations to harness the magic of traditional AI and Generative AI, driving transformative outcomes across diverse domains.

Founded

2022

Headquarters

Bangalore, India

Stage

Pre-Series A

Founders

Satish Grampurohit
Girish Kerodi

Year of
investment

2024

Investment
status

Active

Co-investors
 

20+ Senior BFSI industry angel investors

Investment
team

Sahil Anand

BFSI problem statement

While retail banking and B2C journeys have digitized aggressively in the last 5-7 years, we significantly underestimate the pending disruption in the world of Corporate Banking, Insurance and multiple other document-intensive BFSI use cases. Traditional OCR and automation solutions have done a good job in processing templated and structured documents. Still, there remains a large technology whitespace in the processing of unstructured and complex documents quickly and accurately.

Investment thesis

Strong promoter team: Founded by AI engineers, computational linguists and corporate leaders having decades-long experience in building enterprise-grade products and solutions using cognitive technologies.
Technological capability: "Patent applied" platform powered by their proprietary cognitive engine, which is data-centric and context-aware with the ability to process and extract relevant information from structured and unstructured documents.
Initial traction: Multiple use cases built and tested with a couple of live customers using their solutions with a healthy pipeline.
Banking and Financial Services opportunity: Multiple document-intensive processes that are ripe for disruption in the world of corporate banking, insurance, lending, and other areas. Opportunity to become a leading IDP solution provider for BFSI.
Large global opportunity: The Intelligent Document Processing market is expected to grow at a CAGR of 29% over the next decade to be a $18 billion opportunity across sectors.