Warehouse Management Company CognitOps Raises $3 Million

By Annie Baker ● June 20, 2020
  • CognitOps — an AI startup whose software models and automates warehouse management — announced it has raised $3 million in a seed round of funding

CognitOps — an AI startup whose software models and automates warehouse management — announced it has raised $3 million in a seed round of funding. Chicago Ventures led the investment round with participation from Schematic Ventures, CEAS Investments, and Churton Ventures.

CognitOps also announced the appointment of Roger Counihan as Chief Revenue Officer. Roger will report to CEO Alex Ramirez.

This capital will fuel CognitOps’ product expansion and accelerate go-to-market efforts to take advantage of the strong market demand. And as CognitOps customers compete through the COVID-19 impact and the incredible pace of change in their supply chains, the company’s platform empowers warehouse operators to manage complexity, reduce cost, and improve cycle time.

Along with the funding, CognitOps has added a talented Chief Revenue Officer in Roger Counihan. Counihan joins CognitOps from Fortna where he was Vice President of Sales. And at Fortna, Counihan built an industry-leading Life Sciences practice and led clients through strategic, complex technology designs, and implementations.

Key Quotes:

“Current market conditions have supply chains under duress. CognitOps is helping enterprises adapt by unlocking hidden efficiency and capacity in their warehouse operations. We’re excited to support the CognitOps team’s vision for automating warehouse management.”

– Peter Christman of Chicago Ventures

“Warehouses were already getting too complex with the proliferation of point solutions and omnichannel demands, but COVID-19 has forced our customers to adapt faster than they ever thought was possible. Our solution is purposefully built to quickly plug into any warehouse and dramatically enable better operations from day one.”

– Alex Ramirez, Co-founder, and CEO of CognitOps

“I am thrilled to be joining CognitOps and becoming a part of their warehouse operations software revolution. There’s a tremendous amount of energy in this industry right now, and warehouse operating models lack resiliency. The CognitOps team is stellar, and I believe we will drive evolutionary change for our clients.”

– CognitOps Chief Revenue Officer Roger Counihan