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Cognical Collects $10 Million In Venture Funding

Friday, November 21, 2014 5:34:00 AM PDT | VentureDeal
   New York, New York  --  Software technology company Cognical has raised $10 million in venture capital equity and debt financing.

Cognical builds algorithm-based underwriting engines for lenders to help them reduce loss and increase approval rates.

Tribeca Venture Partners and Blumberg Capital led the round, which included the Entrepreneurs Roundtable Accelerator and others.

Proceeds purposes were not disclosed by the company.

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