Cosmo Tech, a leader in AI simulation software for enterprise decision-making, has secured a majority investment from global software investor Insight Partners. This strategic move includes the appointment of former Accenture executives Phillip Hazen as CEO and Gerry Coulter as CFO. The new leadership aims to further Cosmo Tech’s mission to empower organizations to navigate complexity and uncertainty through advanced AI-driven simulations.
- Insight Partners’ Investment and Strategic Vision
- Insight Partners’ majority investment will fuel Cosmo Tech’s growth, expanding its AI-driven solutions to more enterprises globally.
- The investment underscores the growing importance of AI in optimizing enterprise decision-making, especially in critical areas like supply chain, finance, and forecasting.
- Executive Appointments and Leadership Transition
- Phillip Hazen and Gerry Coulter, both former Accenture executives, will assume key roles as CEO and CFO, respectively.
- Their previous experience and collaboration with Cosmo Tech provide strong leadership for the next phase of growth. Hazen’s vision focuses on transforming enterprises using AI simulation technology to solve complex business challenges.
- Cosmo Tech’s AI Simulation Software
- Cosmo Tech’s AI simulation software enables enterprises to evaluate millions of potential scenarios, helping them make informed decisions and enhance resilience.
- The software has already delivered significant savings in logistics expenses and optimized supply chain resiliency for large organizations.
- Expansion into North America and Innovation Hub
- Following the investment, Cosmo Tech will open a new office in the DC metro area in early 2025. This office will serve as an innovation hub and a key point of access for North American clients and partners.
- The new base will enhance collaboration with key customers in manufacturing, transportation, and energy sectors, supporting the company’s growing North American operations.
- Strengthening Market Leadership with Strategic Partnerships
- Cosmo Tech continues to solidify its position as a market leader by collaborating with Tier 1 global professional services and enterprise software vendors.
- The company’s AI technology is poised to drive higher levels of value and business results across various industries.
With Insight Partners’ investment and the strategic leadership of Phillip Hazen and Gerry Coulter, Cosmo Tech is set to scale its AI simulation software globally, empowering enterprises to make more effective, data-driven decisions. The expansion into North America and the launch of a new innovation hub signal an exciting new chapter for the company, further enhancing its ability to help organizations optimize performance and navigate complex challenges.
