Cloudflight acquires Cognostics

Martius advises the founders of Munich-based AI developer Cognostics on the sale to Cloudflight.

Cognostics is an expert in the conceptual development, design and implementation of advanced, ontology-based and explainable AI solutions. The systems developed are based on insights from cognitive neuroscience and AI research. The Cognostics team consists of more than 50 experienced AI researchers, software experts and PhD students.

Cloudflight is one of the leading software developers and AI solution providers in Europe. With more than 400 IT strategists, consultants, data scientists, cloud specialists and software architects, Cloudflight helps companies to digitally transform.

With the transaction, Cloudflight expands its portfolio in the area of AI-based software solutions that support thinking, learning and decision-making.

MARTIUS provided comprehensive legal advice to the founders with the following team:

  • Dr. Carsten Albert (Partner, Venture Capital/M&A)
  • Jasmin Wagner (Associate, Corporate)

The founders were advised on tax matters by BLOMBERG Pupeter Heil Rechtsanwälte Steuerberater.