Cognitiwe

Cognitiwe is an Estonian startup founded in 2021 that offers AI and analytics solutions for fresh food retailers to reduce food waste and financial losses. The company's slogan, "Cognitiwe empowers retailers to reduce fresh food waste and financial losses," encapsulates its mission. With a serious lack of insight and optimization in the fresh food retail industry, there is a significant problem of food waste, with 10% of fresh fruits and vegetables wasted in supermarkets annually, totaling more than 100 million tons. European retailers also lose €4 billion in sales due to product unavailability on shelves. Cognitiwe addresses these issues by offering retailers a range of products to analyze freshness, stock levels, and sales performance, empowering them to reduce food waste and conserve resources. The company's proprietary Predictive Vision AI Platform provides real-time insights and data-driven predictions, enabling customers to optimize operational efficiencies and improve sustainability and profitability. Notably, this can be achieved using regular IP cameras and the cloud-based platform, without significant upfront investments. The company recently received €1.00M Seed Round investment on 01 February 2024 from Eleven Ventures, Flat6Labs, TechOne VC, DOMiNO Ventures, and Caucasus Ventures. This investment will likely fuel further innovation and expansion of Cognitiwe's waste solutions in the fresh food retail industry, solidifying its position as a key player in the AI, analytics, and sustainability sectors. For more information about Cognitiwe and its capabilities, interested parties can contact the company at [email protected].