Applica secures Series A funding from Cogito Capital Partners and Barclays to drive international expansion.
The Series A round was led by Cogito Capital Partners with backing from Barclays.
Applica develops an enterprise software platform that uses artificial intelligence to extract actionable insights from unstructured documents. The technology is often deployed alongside robotic process automation systems to streamline complex corporate workflows.
Applica has secured Series A funding led by Cogito Capital Partners, with participation from Barclays. The capital will be directed towards international expansion and scaling operations in the United States. The enterprise software provider builds artificial intelligence systems designed to process complex, unstructured text documents for corporate clients.
From the founder
"The financial backing and domain expertise of Cogito and Barclays will help us execute our strategy and strengthen Applica’s presence in the US market."
Piotr Surma
CEO at Applica
Investor perspective
"Through this Series A funding, we are pleased to support Applica’s further development, and look forward to working with them as they address the huge market opportunity around RPA with new partnerships and products."
Kester Keating
Head of US Strategic Investments, Barclays
Use of funds
- 01Expand into international markets