The company achieved 166% ARR growth, 53% workforce increase and opened new offices around the Globe.
Cognira, the premier leader in enterprise Promotion Management solutions for retailers, announced that it achieved a 166% increase in Annual Recurring Revenue (ARR) in 2023, compared to the previous year. This growth is driven by the intrinsic value of the company’s PromoAI solution, empowering retailers to harness the power of AI and analytics to drive smarter and more effective promotions.
“Beyond the numbers, it’s our exceptional team and vibrant culture that sets us apart” said Dr. Hatem Sellami, Cognira’s Founder and CEO. “People represent our strongest asset at Cognira, and their dedication has fueled our success. We’re thrilled with our progress and committed to continuous improvement and building enduring relationships with our customers, delivering value, and fostering trust along the way”.
Cognira saw 53% growth in its workforce in 2023, hiring talented professionals in various roles. This led to new office openings in Portugal, France, Turkey, and the United States.
Cognira is committed to fostering innovation and was recognized in 2023 by Fortune as one of America’s Most Innovative Companies.
With Cognira’s PromoAI, retailers gain the tools to optimize their entire promotion lifecycle, capturing the largest financial opportunity and maximizing vendor funding. Cognira takes pride in delivering substantial multi-million-dollar financial benefits to retailers, transforming their promotion strategies, and ensuring sustained success in today’s competitive market.
Founded by experienced data scientists and retail experts, Cognira is the leading artificial intelligence solutions provider.
