Kognic funding news – Gothenburg-based Kognic Raises €8.8Million in Funding

Daniel Langkilde, co-founder of Kognic, says "the Swedish company, which has been experiencing growth, is on track to return to profitability by 2025. We are extremely bullish on the future of embodied AI, sensor-fusion, and the need for great data infrastructure. We measure success by customer appreciation and revenue, not fundraising. Always play the long game.”

It specialises in making Embodied AI possible, which enables physical objects to communicate with the outside world, such as robots and driverless cars. The startup offers a platform for annotating sensor-fusion data from cameras, LiDARs, and radars, with an emphasis on the crucial role that data plays in the development of AI.

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The company's motto is "Data is code," and it markets its platform as the key to building large, excellent datasets that artificial intelligence need. The platform emphasises how crucial human input is to improving AI models and making sure datasets change over time to suit the requirements of AI systems in the real world.

Through the integration of Embodied AI and data annotation, Kognic facilitates the creation of some of the most sophisticated autonomous systems on the planet.

About Kognic

Kognic was established in 2018 by engineering physicists Daniel Langkilde and Oscar Petersson. Their motivation sprang from their extensive knowledge of Deep Learning and their aim to develop a software solution that was lacking in the market. Assisting clients in sectors including automotive, robotics, and other vertical markets, Kognic says it has grown 90% year over year and increased its global footprint with teams in Germany, Poland, Japan, and the US.