Cognosos, a leading provider of AI-driven process visibility solutions backed by investors such as Riverwood Capital and Susquehanna, has announced the acquisition of Cox 2M, the connected asset tracking and IoT business founded by Cox Communications. This move follows Cognosos’ 2024 acquisition of Cox Prosight and expands its reach across healthcare, automotive logistics, and industrial operations while reinforcing its leadership in AI-powered location intelligence. Today, Cognosos manages data from approximately one million sensors deployed in the field for top automotive OEMs and healthcare systems in North America.
“The addition of Cox 2M solidifies our position as a leader in the location and process visibility space,” said Joe De Pinho, CEO of Cognosos and partner at Riverwood Capital. “This acquisition reflects a shared vision to transform location intelligence through AI and software. We’re excited to serve a wider range of our customers’ needs in adjacent, critical applications.”
Cognosos CFO Carter Griffith added, “The acquisition allows us to bring material IoT talent to our R&D team as well as dramatically increase our scalability and reach. The increased investment in R&D enables us to deliver new capabilities and grow our product roadmap more quickly to meet customers’ evolving needs.”
Enhanced Capabilities and Solutions
With this acquisition, Cognosos gains advanced technical capabilities such as vehicle telemetry and onboard diagnostics, which bring end-to-end visibility for vehicles throughout production—from quality staging to dealer delivery. These tools help optimize dwell time, automate workflows, and improve efficiency for 3PLs, dealers, and automotive OEMs that require real-time workforce, vehicle, and asset tracking.
New LTE-enabled tracking devices also expand over-the-road tracking for vehicles, containers, and returnable packaging. These devices enhance visibility on estimated time of arrival while adding security measures such as anti-tamper alerts and route deviation detection.
Additionally, compatibility with LoRa-based infrastructure broadens the platform’s flexibility, enabling Cognosos to integrate with existing deployments and off-the-shelf infrastructure—enhancing customer ROI and accelerating time-to-value.
Industry Validation
“The acquisition brings together an incredibly strong team and reinforces our belief in Cognosos’ market leadership and their ability to execute as they enter this next chapter with Cox 2M,” said Eric Ma, Principal at Riverwood Capital.
Cox 2M has long been recognized as a leader in vehicle and logistics tracking, with a strong product portfolio, established customer relationships, and expertise in logistics and public sector solutions. Its technologies complement Cognosos’ “ground truth” AI-driven approach to location intelligence.
“Our team built Cox 2M as we saw opportunities to address the complex needs of our commercial clients with custom IoT capabilities,” said Jessica Shrum, Executive VP and Chief Strategy Officer at Cox Communications. “Combining our solutions with Cognosos will accelerate innovation and provide customers with a full portfolio of location-based solutions.”
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