CogniCor emerges as a key global chatbot solution provider; ranked 4th in Global Chatbot Market

New Delhi, July 18, 2017: CogniCor, one of the leading AI-based platforms which offers cognitive virtual assistant solutions, has been ranked 4th amongst the key international chatbot solution providers in the ‘Global Chatbots Market Professional Survey Report 2017’. Highlighting its cutting-edge and superlative technology derived from brand-led scientific explorations, CogniCor’s virtual assistant (chatbot) solutions have been graded above the chatbot solutions offered by Google, Microsoft, Facebook, and IBM in the recent report.

A Brainchild of Dr. Sindhu Joseph and Rosh Cherian, CogniCor was launched in 2012 as a spinoff from Dr. Joseph’s research thesis at Artificial Intelligence Research Institute, Barcelona, Spain. The research-oriented, innovation-driven platform offers AI-based virtual assistant (chatbot) solutions that primarily cater to finance, IT support, and telecom sector. These virtual assistant solutions leverage CogniCor’s patented technology in Machine learning and NLP, which makes them self-learning and self-evolving in nature.

CogniCor’s avant-garde technological solutions have been deployed across market verticals through its SaaS-based initiatives, which includes OCBC Bank’s virtual assistant ‘Emma’ (Singapore). This chatbot has till date generated over S$28 million by extending apt recommendations and facilitating quick buying decisions for the bank’s home loan vertical. CogniCor also operates on a partner-driven model by collaborating with market players such as Atos and Wipro to develop third-party automation solutions.

Dr. Sindhu Joseph, Co-founder and CEO, CogniCor said, “The entire CogniCor team works tirelessly towards redefining the existing benchmarks while keeping a strong emphasis on technology. I believe that our greatest strength is our complete ownership of the end-to-end processes. Team CogniCor not only spearheads the product development and market deployment but also conducts the research and innovation, which enhances and gives impetus to our initiatives. This enables us to offer technologically superior solutions while keeping them completely customer-centric.”

The platform has previously bagged “Delighting Tomorrow’s Customers” award by British Telecom, “Emerging IT Start-up Award” by KMA-NASSCOM, NASSCOM Emerge 50 Awards 2015, won European Commission’s Tech All Stars competition, and was also felicitated with the “Best Early Stage Company” award at the American Venture Capital Conference. CogniCor has also been listed in “TiECon Top 50” in 2015 as well as “Europe’s Hottest Startups 2014” by W.I.R.E.D. Magazine.

About CogniCor

CogniCor is an AI-based platform that offers enterprise grade cognitive virtual assistant solutions. Incepted in 2012 in Barcelona, the research-oriented platform has evolved through extensive IT expeditions seeking AI solutions for a range of CRM concerns and corporate functions. Equipped with cutting-edge innovation and patented algorithms in natural language processing, machine learning, deep learning, and cognitive reasoning, CogniCor provides adaptable SaaS-based Customer Relationship Management (CRM) solutions to corporate organisations and businesses. It has offices in Barcelona, California, and India.