Cognisium closes its first round of funding.
July 2, 2021
PERTH (Australia) - Cognisium is excited to announce that it has successfully closed its first round of funding from a group of investors led by Mr Keith Jones, former Chairman of Deloitte Australia, who will also join the Board of Cognisium.
This first raise was oversubscribed with agreements reached in less than one week.
The proceeds of this capital raise will be used two fold:
A substantial portion of the funds will be used to refine and implement Cognisium’s client acquisition strategy, starting with our primary markets in Australia and the Middle East before progressing globally into the other markets where our experts are located.
The other portion of the funds will be used to enhance and improve our technology, in particular in automation, AI, user experience and analytics enhancements.
“I am very excited to see Cognisium being able to access the amount of capital necessary to further develop our talent on-demand platform. I am welcoming Keith Jones, our major cornerstone investor, to the Board of Directors where his contribution will be invaluable. Keith has been a long time supporter of Cognisium since before its inception and it is only natural, I believe, that he became an integral part of our journey” said Dr Dorel Iosif, Board Director and CEO of Cognisium.
Commenting further on Cognisium’s raise, Mr Keith Jones said: "Cognisium has established a rapidly expanding database of experienced experts capable of delivering quality support, solutions and outcomes in diversified markets. I look forward to working with the team in building the opportunity provided by Cognisium in the flexible talent market."
About Cognisium Pty Ltd
Cognisium is a market leading, talent on-demand global technology company that builds successful business relationships. We provide timely, cost efficient connections between the world's top freelance executives and businesses in particular small to medium enterprises.
Cognisium has its headquarters and support centre in Australia and a satellite office in Dubai, with its platform developed in Israel.
Businesses or executives interested in accessing Cognisium platform can do so at https://www.cognisium.com
For further information contact:
Corporate and Investor Relations
Cognisium Pty Ltd