Cognida acquires Automate (formerly Klarity Automate)

● STRATEGIC | FINTECH

AUGUST 24, 2026

Cognida acquires Automate (formerly Klarity Automate)

TARGET

AI platform automating quote-to-cash and procure-to-pay accounting workflows — including ASC 606 revenue recognition, order management, invoice processing, and PO matching — for large public companies and PE-backed enterprises.

Ownership	VC-backed
Prior owner	Within (formerly Klarity)
Investors	NFDG (Nat Friedman, Daniel Gross), Scale Venture Partners, Tola Capital, Picus Capital, Invus Capital, Y Combinator +2 more
Capital raised	$90.375M
Headcount	197 FTEs
Headquarters	San Francisco, California
Sell-side advisor	—

ACQUIRER

Cognida

AI-first technology consulting and software engineering company providing enterprise AI, data analytics, and machine-learning solutions

Ownership	Founder-owned
Investors	Nexus Venture Partners
Capital raised	$19.7M
Headcount	251 FTEs
Headquarters	Lincolnshire, Illinois
Buy-side advisor	—

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Cognida -> Automate (formerly Klarity Automate)  (2026-08-28)
strategic_acquisition | FinTech | announced
Target: AI platform automating quote-to-cash and procure-to-pay accounting workflows — including ASC 606 revenue recognition, order management, invoice processing, and PO matching — for large public companies and PE-backed enterprises.
Website: klarity.ai | Buyer site: cognida.ai
HQ: San Francisco, California | Ownership: vc-backed | Seller: Within (formerly Klarity) | Buyer ownership: founder-owned
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/cognida-automate.html

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