SparkCognition

Enterprise Software

Founded: 2015

Last Round Valuation: $29B

The company specializes in artificial intelligence systems that aim to streamline operations and uncover innovative solutions to longstanding challenges. Leveraging advanced machine learning technology, they analyze intricate data in sectors such as defense technology, Industrial Internet of Things (IIoT), and finance. By extracting valuable insights from this analysis, the company empowers business professionals and corporate clients to make informed, data-driven decisions, ultimately enhancing their business outcomes.

SparkCognition Overview:

The company is a provider of artificial intelligence systems that are designed to optimize operations and discover novel solutions for complex problems. Their core focus lies in harnessing the power of machine learning technology to analyze intricate data in various sectors, including defense technology, Industrial Internet of Things (IIoT), and finance.

Through their advanced AI systems, the company is able to process and interpret vast amounts of complex data, extracting meaningful insights and patterns. These insights provide valuable information and actionable intelligence to business professionals and corporate clients, enabling them to make better-informed decisions.

In the defense technology sector, the company's AI systems can analyze and interpret data from multiple sources, aiding in threat detection, risk assessment, and decision-making processes. This helps defense organizations enhance their operational efficiency and security.

In the realm of IIoT, the company's AI systems can handle the massive influx of data generated by interconnected industrial devices and systems. By leveraging machine learning algorithms, they can identify anomalies, optimize processes, and predict maintenance needs, thereby improving productivity and reducing downtime.

Additionally, the company's AI systems offer insights in the field of finance, where complex data sets from financial markets, transactions, and customer behaviors are analyzed. This enables financial professionals to gain a deeper understanding of market trends, risks, and investment opportunities, facilitating more informed decision-making and potentially yielding better financial outcomes.

Overall, the company's artificial intelligence systems leverage cutting-edge machine learning technology to analyze intricate data in defense tech, IIoT, and finance. By providing actionable insights, they empower business professionals and corporate clients to make data-driven decisions, optimize operations, and discover new solutions to challenging problems.

Founders:

  • Amir Husain

  • John C. Platt

Top Investors:

  • Alameda Ventures

  • Boeing HorizonX

  • Brevan Howard Asset Management

  • CME Ventures

  • March Capital Partners

  • Kerogen Digital Solutions

  • Bob Stearns

  • DBV Investments

  • Sunshine Accelerator

  • Boiler Riffle Investments

  • Glacier Systems LLC

Funding History:


Date Share Type Amount Raised Raised to Date Issue Price Post Money Valuation Key Investors
Sep 2021 Series D $150MM $340.01MM $16.19 $1.46B Undisclosed Investors
Oct 2019 Series C $102.75MM $190.01MM $10.03 $748.2MM March Capital Partners, Boeing HorizonX, Kerogen Digital Solutions
Nov 2018 Series B-1 $15MM $87.26MM $5.51 $342MM Undisclosed Investors
Feb 2018 Series B $56.5MM $72.26MM $5.51 $327MM Alameda Ventures, Boeing HorizonX, Brevan Howard Asset Management
Jul 2016 Series A-4 $8.21MM $15.76MM $2.19 $93.21MM Alameda Ventures, Brevan Howard Asset Management, CME Ventures
Nov 2015 Series A-3 $5.22MM $7.55MM $1.61 $65.22MM Alameda Ventures, Bob Stearns, CME Ventures
Aug 2014 Series A-2 $1.95MM $2.32MM $0.39 $13.95MM Alameda Ventures, Boiler Riffle Investments, Glacier Systems LLC
Aug 2013 Series A-1 $374.99K $374.99K $0.08 $2.53MM Bob Stearns, DBV Investments, Sunshine Accelerator

In the News:

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