Barcelona-headquartered CogniCor Technologies Pvt. Ltd, which runs an artificial intelligence platform offering virtual assistant solutions, has become the first Indian startup to be selected by SixThirty, a four-year-old fin-tech venture fund and accelerator based in the US.
As part of the programme, the startup will receive $100,000 (about Rs 65 lakh) in funding, apart from hands-on training, mentoring, and networking opportunities with top financial services companies in the US, a statement said.
CogniCor was chosen as one of the five startups from a total of 167 entries spanning 30 countries.
“The SixThirty partnership will help in amplifying our operations and North American presence. It will enable us to benefit from extensive knowledge resources that SixThirty possesses across several geographies," said Sindhu Joseph, co-founder and CEO, CogniCor.
SixThirty, which backs 8-10 startups every year, targets late seed-stage startups that have some market traction and are beginning to earn revenue.
Founded in 2012 by Joseph and Rosh Cherian, CogniCor—equipped with patented algorithms in natural language processing, machine learning, deep learning, and cognitive reasoning—provides software-as-a service (SaaS) based customer relationship management (CRM) solutions.
The company, which has offices in the US, Spain and India, said its solutions have been deployed across six countries in North America, Europe, and Asia. It currently caters to 13 clients, including TATA Capital, ICICI Lombard and Federal Bank.
Like this report? Sign up for our daily newsletter to get our top reports.