Cognigo

Israel-based Cognigo developed AI-powered data security and compliance software that utilized cognitive computing to identify, manage, and enforce privacy policies across structured, unstructured, and cloud environments. The enterprise software-as-a-service platform automated data protection protocols and prevented General Data Protection Regulation violations for global corporate clients operating primarily within the banking, insurance, and media sectors. Prior to its strategic exit, the business scaled its workforce to approximately 35 employees and secured $11 million in total venture funding, which included an $8.5 million Series A financing round completed in 2018. Cognigo received early financial backing from notable venture capital investors such as SOMV and OurCrowd before ultimately being acquired by the multinational enterprise data storage firm NetApp for approximately $70 million in 2019. The organization was originally founded in 2016 by chief executive officer Guy Leibovitz.