We’re thrilled to share that DN Capital’s portfolio company Cognigy has been acquired by NiCE in a landmark $955 million transaction. This is a defining moment for European tech and a signal of what is to come in enterprise AI.
The DN team led by Guy Ward Thomas was the first VC to back Cognigy, leading its Series A back in 2019, long before the LLM hype cycle took off. Guy and the team have worked closely with Cognigy’s founders Philipp Heltewig Sascha Poggemann, Benjamin Mayr throughout their journey, from early product milestones to U.S. expansion.
Guy Ward Thomas, Partner at DN Capital said: “It’s a bittersweet moment: a fantastic success for us at DN Capital, but also the closing chapter of one of the most enjoyable professional journeys I’ve had. Cognigy was never about hype – it was about building real enterprise AI that worked. We’re immensely proud to have been part of that journey from the beginning.”
We’re proud to have supported Cognigy on its journey from early-stage to global leader, and we remain deeply committed to backing the next generation of category-defining enterprise AI companies.
Find out more about this incredible milestone for European AI here.