SparkCognition, an Austin, Texas-based global leader in artificial intelligence (AI) software solutions for business, today announced the close of its $123 million Series D funding round.
Following this round, the company achieved a unicorn valuation in excess of $1.4 billion, bringing the total capital raised to $300 million.
The round was represented by new and existing investors, including March Capital, Doha Venture Capital, B. Riley Venture Capital, AEI Horizon X, Temasek, Alan Howard, and Peter Löscher.
Proceeds from this round will accelerate sales and marketing efforts, amplify research and development investments, and facilitate organic and inorganic growth. It also serves to underpin the financial wherewithal of the business.
Company: SparkCognition, Inc.
Raised: $123.0M
Round: Series D
Funding Month: January 2022
Lead Investors: March Capital, Doha Venture Capital, B. Riley Venture Capital, AEI Horizon X, Temasek, Alan Howard, and Peter Löscher
Additional Investors:
Company Website: https://www.sparkcognition.com/
Software Category: (AI) software solutions
About the Company: SparkCognition’s award-winning AI solutions allow organizations to predict future outcomes, optimize processes, and prevent cyberattacks. We partner with the world’s industry leaders to analyze, optimize, and learn from data, augment human intelligence, drive profitable growth, and achieve operational excellence. Our patented AI, machine learning, and natural language technologies lead the industry in innovation and accelerate digital transformation. Our solutions allow organizations to solve critical challenges—prevent unexpected downtime, maximize asset performance, optimize prices, and ensure worker safety while avoiding zero-day cyberattacks on essential IT and OT infrastructure. To learn more about how SparkCognition’s AI solutions can unlock the power in your data,
Source: https://www.sparkcognition.com/sparkcognition-announces-123-million-series-d-funding-and-a-unicorn-valuation-to-accelerate-ai-adoption-across-industries/