Cogtive, a Brazilian startup that uses IoT to improve manufacturing processes through sensors linked to machines, raised $2M in a round led by Indicator Capital.
With the funds, Cogtive will continue developing its technology and expand to other Latin American countries in the pharmaceuticals, cosmetics, and food and beverages industries.
“We want to expand our operations, positioning ourselves as the number one solution in terms of productivity gains in manufacturing,” said Reginaldo Ribeiro, CEO of Cogtive.
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