OurCrowd Backs Series A Round for AI Platform Cognigo

Cognigo, an AI platform for enterprises that targets data protection and compliance, has closed on an $8.5 million Series A funding round. The round was led by leading equity crowdfunding platform OurCrowd with participation from State of Mind Ventures and Prosegur.

Cognigo’s CEO and Founder Guy Leibovitz believes that data breaches are a pressing problem and global enterprises are not well prepared to deal with them.

“Regulations like California’s new privacy laws slated to come in effect in January 2020 and the GDPR, require organizations to up their data privacy and protection methodologies,” said Leibovitz. “Cognigo’s technology combines cognitive science, AI, and machine learning to reveal dark data at scale in real time and automatically enforce data privacy and protection regulations. We are excited to announce a strategic partnership with Prosegur which will help us expand our reach and deliver our unique solutions to an even wider audience.”

OurCrowd CEO Jon Medved says that data is today’s most valuable asset for both individuals and companies:

“Cognigo provides companies with the critical tools and systems they need to get control of their data. With today’s new privacy regulations such as the GDPR and the CCPA, control and protection of data Is crucial not only to avoid regulatory fines, but also to avoid embarrassment and business disruption.”

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