CogniCor marks its entry in SixThirty's investment portfolio
New Delhi [India], Apr 6 (ANI): Etching the nation's technological superiority across international fora, CogniCor has become the first Indian start-up to be picked up by global fintech accelerator based in St Louis, SixThirty.
ANI
Apr 06, 2017 22:43 IST
New Delhi [India], Apr 6 (ANI): Etching the nation's technological superiority across international fora, CogniCor has become the first Indian start-up to be picked up by global fintech accelerator based in St Louis, SixThirty. CogniCor was chosen as one of the five start-ups by SixThirty from a total of 167 entries in fintech and insurtech sector from over 30 countries. CogniCor provides adaptable SaaS-based cloud-driven enterprise grade cognitive AI system to corporate organisations and businesses. Its state-of-the-art solutions have been known to deliver exceptional results such as 39 percent call/email deflection, reduction in agent handling time by 40 percent, decline in response time by 30 percent and up to 30 percent decrease in the operational expenditure. With its regional offices in USA, Spain, and India, CogniCor's solutions have been deployed across six countries in North America, Europe, and Asia. At present, the platform caters to a total of 13 clients, including TATA Capital, ICICI Lombard and Federal Bank, across multiple industry verticals. CogniCor has also received felicitations from European Commission, NASSCOM, and TiE at various stages. "At CogniCor, we strive to deliver in terms of performance by offering seamless solutions with the aegis of technology. Six Thirty partnership will help us become integral part of North American FinTech and InsureTech and hence will help in amplifying our operations and North American presence. It will, more essentially, enable us to benefit from extensive knowledge resources that SixThirty possesses across several geographies. This, along with the most sought-after mentorship, will inevitably catapult the platform to a rapid growth trajectory. We would like to thank the SixThirty team for sharing our vision and displaying confidence in CogniCor," said co-founder and CEO CogniCor, Dr. Sindhu Joseph. SixThirty is a global seed fund and business development accelerator that caters to the start-ups belonging to the Fintech Sector. Making limited bids each year, the platform targets late-seed stage start-ups that have a proven track record in terms of quality, scale and differentiation in the market. SixThirty also enjoys strategic partnership with leading banking, insurance, wealth management, advisory players including State Farm, Edward Jones, RGA, E&Y, Twain, Village Capital, UMB, St Louis Regional Chamber, and Cultivation Capital. Its portfolio companies are hailed as the most innovative and scalable business ideas in Fintech Sector across the globe. (ANI)
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