PATRIZIA, Cognotekt and EVANA to build cutting-edge industry platform

PATRIZIA AG, the global partner for pan-European real estate investment, has announced the acquisition of a strategic stake in Cognotekt, a Cologne, Germany–based artificial intelligence platform that has developed a unique technological approach for state-of-the-art natural language processing. The method translates written text into mathematical formulas to classify documents and extract data with higher accuracy than common AI solutions.

With the stake in Cognotekt, PATRIZIA is further pursuing its strategy to foster the collaboration of leading startups to leverage, among others, its AI competence and to create additional value for clients, as well as the whole real estate industry. With this latest investment, PATRIZIA will further accelerate EVANA on its way to become the leading document and data management platform. EVANA, as service partner, already manages €70 billion ($76.5 billion) in assets under management for pan-European investment managers.

Dr. Ma