×


Home About Contribute Sponsorship Contact Sign In
×







.


Technology Industry News

Cognism hits record revenue of £8.5 million


Global demand for compliant prospecting data grows

Cognism hits record revenue of £8.5 million


"Opportunities to network in person are cancelled - events, expos, and meetings - making new contacts is difficult. Companies want to know that they can tap into a rich source of compliant data. "
James Isilay, CEO, Cognism



Cognism, the globally compliant go-to-market intelligence company, has reported 58 per cent growth year-on-year in FY2020 as revenues increased from £5.4 to £8.5 million. January 2021 has been a historic month for the company as turnover this month alone hit $1 million (£730,000) for the first time since its inception in 2015.

Its growing success is testament to the demand from B2B companies for compliant prospect data to find and deliver new revenue streams in a world that is largely working remotely.

James Isilay, CEO, Cognism said: “Opportunities to network in person are cancelled – events, expos, and meetings – so making new contacts face-to-face is difficult. Companies want to know that they can tap into a rich source of data and, more importantly, that it’s compliant with data regulations. Finding and delivering new revenue streams is more important than ever for business development and sales teams within B2B organisations. 

“Cognism’s patented AI technology solution, resulting in our own proprietary data collection network gives customers reassurance and leaves them to get on with the important job of developing leads and generating sales - without the worry of breaching compliance and incurring fines.

“We have invested heavily in making our data compliant in every one of the 30 countries in which we operate and continue to do so.”

Isilay continued: “In 2021 we are focusing on growing our presence in France and Germany. We currently have over 1000 customers across 30 countries from a range of industry sectors. The B2B SaaS sector has been a key area of growth for us in recent months with clients like Seismic. Ultimately, our aim is to become a global leader in go-to-market intelligence across the B2B marketplace.”

Cognism grew its workforce by 35% in the last six months of 2020 – taking the team to 200 employees. It’s a truly global team - based in seven countries including the USA, Canada, South Africa, and Germany. International locations, with a mostly millennial workforce, reflect a new way of remote working and prove to be beneficial for hiring global skills and knowledge. 

January saw the hire of Ethan Ramsey, ex-RainKing director of research operations, who joins Cognism as Head of Content. He has a remit to grow and enhance the globally compliant prospecting solution. 

James Isilay’s background is in investment banking and algorithmic trading where he developed intelligent solutions for optimal trading. He saw the opportunity to create a solution using machine learning that would provide businesses with effective leads, and established Cognism in 2015. 

.


Technology Business News - LOS ANGELES 23rd March 2021 - Cloud security innovation leader, Orca Security, has today announced a successful 210 million Series C funding round.


Orca Security announce $210m Series C round led by CapitalG and Redpoint Ventures

Technology Business News - As the finance industry increasingly adopts digital onboarding technologies, they are utilizing and storing more of our biometric data and personal identification information.


Regulation needed to ensure Finance Industry use compliant Digital Identity technologies

Technology Business News - If you don t work in the Finance industry, you naturally aren t too concerned with financial services industry regulations. Yet some regulations don t just affect the people who work in the finance industry they affect everyone.


Global Finance Industry faces further regulation after pandemic exposes weaknesses

Technology Business News - Global healthcare leader Abbott have announced the release of their first Virtual Reality training program, powered by Oculus Go , aiming to fundamentally change how cardiologists are trained in using Optical Coherence Tomography OCT imaging technology.


Abbott launches flagship Imaging Technology VR Training Program for Cardiologists

Technology Business News - Manchester Digital launches its first ever ecommerce forum this month Sept 30 as its first in-person live event since Covid-19.


Manchester Digital launches new ecommerce forum

Technology Business News - It s true. Your FLOCK are all about diversity and inclusion as well as tech innovation and growth. As their little tech startup prepares for a new stage of product development and growth.


Amazing TechTuesday news as Social Chain MD Katy Leeson joins Your FLOCK board






Ten Times Ten

Analytics, Modelling & Business Intelligence Specialists