Cognovi Labs Closes $2.3 Million Seed Funding

 Beni Gradwohl

Beni Gradwohl

COLUMBUS, Ohio, Jan. 23, 2018 /PRNewswire/ -- Cognovi Labs, developer of the SaaS platform for emotion-based artificial intelligence (Emotion AI), closed $2.3 million in seed funding. Columbus-based Ikove Venture Partners led the capital raise alongside HBS Alumni Angels of Greater New York, Bossa Nova Investimentos and a leading angel investor group from Europe.

Cognovi leverages its Emotion AI to make predictions for businesses, investors, advertisement agencies and political events. This funding follows a string of successful Cognovi predictions for several high-profile outcomes – including predicting the Brexit referendum hours before the polls closed, foretelling the results of the 2016 U.S. presidential election and most recently, accurately predicting a Doug Jones victory for the 2017 Alabama Senate race weeks before sexual harassment claims surfaced against Roy Moore.

"The fact that we were massively oversubscribed by the first day of our 10-day European roadshow is a clear indication of the huge potential for Cognovi Labs' artificial intelligence platform and business opportunity," said Beni Gradwohl [pictured], Ph.D., CEO and co-founder of Cognovi Labs. "We now have the financial strength to scale out our client engagement, expand our core team and refine our commercial product to realize our market potential." More...