Cognism raises £2.8m funding round to expand enterprise solution

Josh Peachey's picture

Cognism, the end-to-end sales acceleration solution, has raised £2.8 million in a funding round from investors including Oliver Wyman, South Central Ventures, LCIF, Newable and other existing investors. 

The funding follows strong growth since Cognism was founded in 2016. The company also saw 23% monthly growth in revenue in 2018.

Cognism partnered up with Oliver Wyman in order to bring its platform to the Enterprise level, alongside South Central Ventures who remains the lead investor in the company. 

James Isilay, Cognism CEO, said: "Cognism is moving beyond sales intelligence and applying its patented machine intelligence technology to understand the revenue challenges at the Enterprise level. With our new investment and collaboration with Oliver Wyman, we will be able to introduce our pioneering Revenue AI technology internationally to the top corporates of the world, driving faster top-line revenue growth.

"There is a natural fit between the data and analytics the Cognism platform provides and the strategy that can then be derived to enhance revenue at the Enterprise level. We are keen to showcase this value to this sector and hope our collaboration with Oliver Wyman will propel us forward and continue our strong growth."

Kai Upadek, Partner at Oliver Wyman, added: "Our clients are continuously looking for new ways to accelerate growth. Cognism technology will provide our clients with dynamic insights into their existing client base, enabling them to develop more targeted solutions and improving sales success."

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