canary islands ai startup cognitfy funding 15 million

Canary Islands AI startup Cognitfy raises $15m in funding

Canary Islands AI startup raises $15m in Series A funding

Cognitfy, a Canary Islands-based technology company specialising in developing digital experts and AI-powered agentic systems for small and medium-sized enterprises (SMEs), has closed a $15 million Series A funding round that values the firm at $200 million.

The deal saw participation from OrionChain, headquartered in the United Arab Emirates; Sinergy Alliance, based in the United States; and a minority stake from Spanish investor and Cognitfy advisory board member Jorge Martínez Arroyo, co-founder of the Enterprise Tech 34 fund.

Founded within Gravitad accelerator in 2025

Founded in 2025 within the ecosystem of Gravitad—a Canary Islands accelerator specialising in creating and scaling technology companies—Cognitfy develops proprietary technology to build, train, and deploy enterprise agentic systems capable of managing processes autonomously, executing tasks, and integrating with human teams.

Its solutions can reduce time spent on certain processes by up to 60% and cut business costs by as much as 35%, bringing advanced artificial intelligence capabilities to organisations that need efficiency, security, and scalability.

Contracts worth nearly €2m in first five months of 2026

The company has secured contracts worth nearly two million euros during the first five months of 2026 and already counts 17 startups among its clients. This progress has helped underpin the valuation achieved in this round and will also lead to a strengthening of its structure, with plans to triple its current workforce to 220 people.

Francisco Carballo, CEO of Cognitfy, emphasised that this deal validates the work carried out from the Canary Islands to develop proprietary technology in one of the most competitive sectors in the world. “Artificial intelligence is not just a tool reserved for large corporations,” Carballo said. “Our goal is to enable SMEs to incorporate digital experts capable of automating processes, working alongside their teams, and improving their productivity without having to take on unmanageable technological complexity.”

Proprietary tech reduces dependency on external models

Unlike many enterprise AI solutions that rely on external services and third-party models, Cognitfy combines proprietary technology, open-source developments, and its own distilled models to deploy agents within each organisation’s infrastructure. This reduces the inference cost associated with token consumption, limits dependency on frontier models, and maintains quality levels appropriate for business environments.

The company has also developed its own methodology that integrates loop engineering into the development and training phase, and karpathy loop into the execution phase, with the aim of improving the effectiveness, efficiency, and adaptability of its agentic systems.

Carballo stressed that the challenge is not just creating AI agents, but making them useful, secure, efficient, and cost-sustainable for real businesses. “For an SME to adopt these solutions, the technology must integrate into their processes, protect their data, and generate a clear return from the very first moment,” he added.

Data security as a strategic pillar

Data security is another strategic focus for Cognitfy. Its processes and developments follow the requirements of ISO 27001, SOC 2, and ENS (National Security Scheme), and rely on certified partners to ensure compliance with national and European regulations.

Additionally, Cognitfy has its own conversational agent orchestration system that enables the deployment of telecommunications solutions without critical dependency on third-party services, providing greater operational robustness.

Funding to accelerate commercial growth and international expansion

The funds raised in this investment round will primarily be used to accelerate the company’s commercial growth and its expansion in Spain, Europe, and Latin America—priority markets within its international strategy.

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