AI Startup Raises $15M

This is a CapGemini news story, published by TechCrunch, that relates primarily to Cogna news.

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From self-driving cars to AI that writes enterprise software: Cogna founder raises $15M | TechCrunch

Summary

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Cogna is a U.K.-based startup that claims its AI can write enterprise software on its own.

The focus of the startup is the world of enterprise resource planning.

It balances a mix of generative AI with other kinds of tooling to put together its custom software.

A year since launch, Cogna has signed up customers that include Cadent Gas .

We were running a million simulations a day by the time we sold the company.” Five.ai, which had raised around $78 million in funding was valued at $216 million in its last round before it was acquired by Bosch for an undisclosed sum. Cogna now plans to go up against classic IT consultancies such as Wipro and CapGemini . The investment into Cogna is the first from Bryan Gartner , formerly of Khosla Ventures , who joined Hoxton as its newest partner last year ..