The Intelligent Document Processing (IDP) vendor will use the funding (the round was led by FinTech VC fund Cedar-IBSi Capital & FinTech Lab) to scale its AI-driven context-aware document intelligence platform and expand globally.
Cogniquest, an Intelligent Document Processing (IDP) vendor, announced on February 10, 2025, the successful closing of its $1.2 million seed funding round. This funding round was led by Cedar-IBSi Capital & FinTech Lab, with participation from Dexter Ventures and more than 25 distinguished angel investors via AngelList and Cogniphy.
Cogniquest wrote: “This marks a key milestone in our journey as we scale our AI-driven context-aware document intelligence platform, helping businesses unlock actionable insights from unstructured data with unparalleled accuracy and efficiency. Our solutions are already being implemented across industry verticals such as banking & financial services, insurance, pharma, healthcare, supply chain, and ESG. This investment will fuel our journey to scale rapidly and expand globally as a leading enterprise tech AI platform, enabling businesses worldwide to harness the power of advanced document intelligence and automation.”
Satish Grampurohit, Co-Founder and CEO of Cogniquest, commented: “Thank you Cedar-IBSi Capital & FinTech Lab, Dexter Ventures, AngelList India, AngelList, and Cogniphy for believing in our vision and market potential. Backing from strategic investors like you provides us with invaluable market access and the momentum to scale.”
Last November, Cogniquest was selected by nasscom to join the coveted DeepTech Club, which provides start-ups with an ecosystem of mentors, resources, industry partnerships and investor connections.
Headquartered in Bengaluru, India, Cogniquest’s platform powers Intelligent Document Processing (IDP) to help businesses reduce the time employees spend on manual data collection and empowers them to focus on more critical tasks.
You can find the full press release here.
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