Cohere Capital Partners, a Boston-based private equity firm specializing in technology and tech-enabled services, has made a strategic growth investment in Leverege, a Rockville, Maryland-based provider of AI-native software solutions leveraging Internet of Things (IoT) and VisionAI technology.

The partnership aims to accelerate Leverege’s expansion across multiple end markets while enhancing its AI-driven platform and product suite.

Powering Digital Transformation with AI and IoT

Leverege offers a range of AI-native software products—including AutoTrace, WorkWatch, PitCrew, and ExpressLane—that help enterprises reduce costs, increase efficiency, improve customer experience, and unlock new revenue streams. The company’s hardware-agnostic approach allows businesses in automotive, manufacturing, retail, industrial, and entertainment sectors to leverage real-time insights from video and sensor data, improving operational decision-making at scale.

“The partnership marks a significant milestone in Leverege’s history and underscores our commitment to amplify human potential through advanced technology,” said Eric Conn, Leverege CEO & Co-Founder. “We are thrilled to partner with Cohere to accelerate innovation across our product portfolio and unlock additional value for our customers.”

Strategic Growth and Market Expansion

Cohere brings deep experience in scaling technology companies and will work closely with Leverege’s leadership team to drive long-term value creation. The investment will support continued platform development, expansion into new end markets, product use case innovation, and increased sales and marketing efforts.

Nik Shah, Cohere Managing Partner and Co-Founder, commented, “Leverege provides a highly differentiated product suite and has unique expertise in VisionAI and sensor networking. We are very excited to partner with Eric, Steven, and the Leverege team as they continue to build the Company.”

KPMG Corporate Finance LLC served as exclusive financial advisor to Leverege in the transaction.

Why It Matters

This deal highlights the growing role of AI-native, IoT-driven solutions in enterprise operations, demonstrating how private equity is increasingly fueling technology adoption that bridges physical and digital systems. Leverege’s approach—combining VisionAI and sensor analytics—reflects a broader trend of tech-enabled operational intelligence becoming essential across industries.