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Cogna, a U.K.-based startup, has raised $15 million to develop AI that autonomously writes enterprise software. Founded by Ben Peters, a former co-founder of self-driving startup FiveAI, Cogna aims to transform enterprise resource planning (ERP) by providing custom software solutions. The funding round was led by Notion Capital, with participation from Hoxton Ventures and Chalfen Ventures.
Cogna's approach allows non-technical teams to articulate their needs in natural language, enabling the AI to generate tailored software solutions. The startup has already attracted clients like Cadent Gas and Network Plus, showcasing its potential in the enterprise market. With ambitions to compete against established IT consultancies, Cogna exemplifies the growing integration of generative AI in complex business applications.
• Cogna's AI can autonomously create custom enterprise software solutions.
• The startup aims to disrupt traditional ERP systems with generative AI.
Generative AI refers to algorithms that can create new content, such as software, based on input data.
ERP is a type of software that organizations use to manage day-to-day business activities.
NLP is a field of AI that enables computers to understand and respond to human language.
Cogna develops AI-driven software solutions tailored to specific enterprise needs, enhancing efficiency.
FiveAI specializes in autonomous vehicle technology and has transitioned to developing AI solutions for other sectors.
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