SaaS Startup CogniSaaS Raises Seed Funding Led by Arali Ventures

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Bengaluru-based CogniSaaS, a startup that offers a customer onboarding tool for SaaS businesses, has raised an undisclosed amount in seed funding from Arali Ventures, an early-stage venture capital firm focused on investing in disruptive enterprise technology startups.

The funding saw the participation of 100X Entrepreneur and Supermorpheus as well as renowned angels such as Aneesh Reddy, Ashish Sharma, Pallav Nadhani, Archana Priyadarshini and others. In May 2021, the company raised a pre-seed round from Techstars.

Commenting on the funds raised, Rupesh Rao, Founder and CEO of CogniSaaS, said, “Current legacy customer onboarding and project management tools are mostly ‘task tracking’ tools. For historical reasons, these tools were not designed to track business value by tracking business outcomes and customer use cases. CogniSaaS was designed to automate the tracking of customer-centric value delivery with structured data that includes “use cases”, associated product dependencies, and implementation task dependencies – in one “source single truth”.

Rao has two decades of experience in the enterprise software industry. Prior to launching CogniSaaS, he was Chief Customer Officer at CropIn.

Rajiv Raghunandan, Managing Partner of Arali Ventures, added, “The Indian SaaS industry has now matured to the next level, with companies focusing on nuanced problem statements. At Arali Ventures, we want to partner with such founders and ventures. CogniSaaS is one such company that enables enterprise software/SAAS companies to provide real-time visibility into business value. The product orchestrates and improves the level of collaboration between internal teams and the visibility of the company’s senior executives, which is the need of the hour. »

Aneesh Reddy, CEO of Capillary Technologies (one of CogniSaaS customers) said, “For SaaS companies, delivering real-time value to customers is now becoming a critical business metric that requires seamless collaboration between internal cross-functional teams. , implementing partners and the client. However, these teams face challenges with different silos of tools to track implementation status and the manual process of prioritizing products. Using CogniSaaS’ “single source of truth” platform, our teams can track, prioritize, and deliver value to customers at scale. »

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Posted: Saturday, March 26, 2022, 3:16 PM IST

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