Cognitec

Dresden, Germany Founded: 2002 • Age: 24 yrs Acquired By Salto Systems
Face recognition software is provided for security and analytics applications.
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About Cognitec

Cognitec is a company based in Dresden (Germany) founded in 2002 by Michael Muller, Jurgen Pampus, and Jurgen Richter was acquired by Salto Systems in March 2022.. The company has 49 employees as of December 31, 2021. Cognitec offers products and services including FaceVACS-DBScan ID, FaceVACS-VideoScan, and FaceVACS-Entry. Cognitec operates in a competitive market with competitors including Megvii, Unico, Chooch, Evrotrust and Oosto, among others.

  • Headquarter Dresden, Germany
  • Employees 49 as on 31 Dec, 2021
  • Founders Michael Muller, Jurgen Pampus, Jurgen Richter
  • Sectors
    Technology
    Industrial Goods & Manufacturing Financial Services
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Cognitec Systems Gmbh
Operational Areas
Technology → Artificial Intelligence & Machine Learning → →
Industrial Goods & Manufacturing → Security, Surveillance & Safety Systems → →
Financial Services → FinTech & Digital Finance → →
Technology → Cybersecurity & Privacy Solutions → →
Technology → Artificial Intelligence & Machine Learning → →
Key Metrics
  • Annual Revenue
  • Net Profit
    $1.3 M (USD)
    1158
    as on Dec 31, 2019
  • EBITDA
  • Latest Funding Round
    $165.69 K (USD), Grant

    Sep 01, 2020

  • Investors
    Salto Systems

    & 2 more

  • Employee Count
    49

    as on Dec 31, 2021

  • Acquired by
    Salto Systems

    (Mar 08, 2022)

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Products & Services of Cognitec

Cognitec offers a comprehensive portfolio of products and services, including FaceVACS-DBScan ID, FaceVACS-VideoScan, and FaceVACS-Entry. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Software for searching facial images in databases for identification.

Tool for real-time face recognition in video feeds for security.

System for facial verification in entry and access management scenarios.

Funding Insights of Cognitec

  • Total Funding
  • Total Rounds 3
  • Last Round Grant — $165,688
  • First Round
  • Investors Count 2
Date Amount Transaction Name Valuation Lead Investors Investors
Sep, 2020 Amount Grant - Cognitec Valuation

investors
European Union
Jan, 2020 Amount Grant - Cognitec Valuation

investors
European Union
Jun, 2006 Amount Seed - Cognitec Valuation

investors
DGF
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investors in Cognitec

Cognitec has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Salto Systems, European Union and DGF. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
DGF
-
Founded Year Domain Location
European Union
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
Founded Year Domain Location
Salto Systems
Electronic access control systems are manufactured for scalable lock management.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Cognitec

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Cognitec

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Cognitec Comparisons

Employees
+
Add Comparison
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Competitors of Cognitec

Cognitec operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Megvii, Unico, Chooch, Evrotrust and Oosto, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
Megvii
domain founded_year HQ Location
Facial recognition and AI video analysis solutions are provided.
Unico
domain founded_year HQ Location
Digital identity solutions company providing facial biometrics and digital admission solutions
Chooch
domain founded_year HQ Location
Generative computer vision solutions are offered for video stream analysis.
Evrotrust
domain founded_year HQ Location
AI-based identity verification and electronic signing are provided for businesses.
Oosto
domain founded_year HQ Location
AI-powered video analytics systems are provided for security and operations.
IDEMIA
domain founded_year HQ Location
Provider of biometric and cryptographic solutions for secure transactions and identity
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Cognitec

Frequently Asked Questions about Cognitec

When was Cognitec founded?

Cognitec was founded in 2002 and raised its 1st funding round 4 years after it was founded.

Where is Cognitec located?

Cognitec is headquartered in Dresden, Germany. It is registered at Dresden, Saxony, Germany.

How many employees does Cognitec have?

As of Dec 31, 2021, the latest employee count at Cognitec is 49.

What does Cognitec do?

Cognitec was founded in 2002 and is based in Dresden, Germany. Operations focus on the biometrics sector, where software solutions are developed for facial image database searches, video screening analytics, border control systems, ICAO-compliant photo capturing, and facial image quality assessments. These products support applications in security, travel, and identification processes across international markets.

Who are the top competitors of Cognitec?

Cognitec's top competitors include Megvii, iProov and Evrotrust.

What products or services does Cognitec offer?

Cognitec offers FaceVACS-DBScan ID, FaceVACS-VideoScan, and FaceVACS-Entry.

Who are Cognitec's investors?

Cognitec has 3 investors. Key investors include Salto Systems, European Union, and DGF.

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