CognitiveScale Closes $21.8 Million Series B Round


Aug 05 2016

"CognitiveScale enables businesses to win with machine intelligence. The company's products—CognitiveScale ENGAGE and CognitiveScale AMPLIFY help enterprises transform customer engagement, improve decision-making, and deploy self-learning business processes. CognitiveScale has successfully deployed its industry cognitive clouds with Global 500 companies in financial services, healthcare, and commerce."


More Details

Highlights

+ Investment round co-led by Norwest Venture Partners and Intel Capital

+ Brings total financing raised up to $32 million to two year old company

+ CTO Matt Sanchez worked at IBM’s Watson Lab, and CEO Akshay Sabhiki helped build healthcare applications at IBM as well

Additional Coverage

- http://www.xconomy.com/texas/2016/08/02/austin-ai-startup-cognitive-scale-brings-in-21-8m-in-series-b-funding/

- http://siliconangle.com/blog/2016/08/04/cognitivescale-nets-21-8m-to-scale-out-machine-learning-platform/





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