Cognosos announced today that it has raised a $25 million growth round from Riverwood Capital to cement its position as the leader in intelligent asset tracking. Many of the world’s most recognizable brands, including the world’s largest automobile manufacturers and healthcare providers, rely on Cognosos’ real-time location services and process optimization software platform to track the movements of their assets, improve operational visibility, and maximize productivity safely.
This new investment will be used to expedite growth and momentum across all parts of the business. Cognosos will continue to recruit and hire top talent across the board, while significantly expanding its go-to-market efforts in the automotive, healthcare, and logistics sectors, as well as new segments.
Furthermore, funds will be used to expedite the development and deployment of platform enhancements and complementary offerings that will provide customers with even deeper operational insights that can be used to meet ongoing efficiency goals. Joe De Pinho and Eric Ma of Riverwood Capital will join the Cognosos Board of Directors.
Cognosos is paving the way for the next generation of real-time location services (RTLS). Supporting the biggest brands in industries like healthcare, automotive, logistics and manufacturing. Cognosos’ cloud-based software, and ultra-lightweight footprint delivers an unparalleled combination of price and performance, reducing time-to-value, increasing ROI and eliminating the traditional deployment barriers of legacy systems.