Nexus Venture Partners led a $15 million Series A funding round for enterprise AI startup Cognida.ai. The startup's AI implementation solutions, which have been implemented at more than 30 organizations, will be supported by the funding.

According to a statement from the company, the funds will be utilized to develop Cognida.ai's AI solution library across important industries, improve product offerings, build teams for AI implementation, and quicken go-to-market plans to increase the company's clientele.

Anup Gupta, Managing Director of Nexus Venture Partners , stated that "specialized service providers who can bridge the gap between cutting-edge capabilities and practical applications" are necessary for AI to be widely adopted.

“Cognida.ai's innovative approach and strong traction, with a clear focus on useful AI solutions, impress us. We're thrilled to work with Feroze and the team as they grow in this exciting sector, as demonstrated by their success with enterprise clients,” he continued.

With its industry-specific solutions and Zuno accelerator platform , Cognida.ai aims to address adoption challenges in AI by cutting implementation time from the usual 6-8 months down to 10-12 weeks.

"The adoption of enterprise AI has reached a tipping point. While 87% of enterprises are investing in AI, only 20% successfully deploy solutions into production. As we integrate AI into routine business processes, we are ideally positioned to bridge the gap between aspiration and reality," Feroze Mohammed, Founder and CEO, Cognida.ai stated.

He continued, "This investment validates our approach of leading the next wave of AI services companies and delivering measurable ROI through practical AI solutions."