Peregrine Law and LegalEdge were pleased to assist, Cognism, a B2B AI-powered sales acceleration platform, on their latest round of fundraising. The round was led by New York-based private equity firm PeakSpan Capital LLC.
Cognism is an end-to-end sales and marketing acceleration platform that supplies data, analytics and support to help businesses identify their target customers, approach contacts and increase their revenue. The company has created their own artificial intelligence (AI) engine, Revenue AI and are building a portfolio of IP to transform how data can be structured in sales and marketing technology.
The money raised in the funding round will be used by Cognism to open offices in North America, Asia and to help develop the firm’s next generation sales acceleration software.
James Downey led the team and was supported by Andrea Ferrarese and Nigel Clark.
Cognism is experiencing a period of rapid growth and this is Cognism’s second round of funding this year, bringing the total amount raised to over $16.5m following previous investment from Oliver Wyman, South Central Ventures, LCIF and Newable Ventures Limited.