Moglix Unveils AI-Powered Cognilix, Invests $5M to Revolutionize Enterprise Procurement

• B2B commerce unicorn Moglix launched Cognilix, an AI-led operating system for enterprise procurement and B2B commerce.
• Moglix committed $5 million to expand its AI products, positioning Cognilix as a software layer integrated with existing ERP systems.
• Cognilix leverages Moglix's decade-long internal technology, built on over $40 billion in procurement transactions and a vast supplier network.
• The platform automates procurement workflows, including digital catalogs, RFQ comparisons, supplier onboarding, and inventory forecasting.
• Early adopters have seen up to 30% inventory reductions and improved sales efficiency, with monetization through software fees and commerce volumes.

Why It Matters: Moglix's Cognilix, backed by a $5M investment, aims to transform enterprise procurement with AI-driven automation.