The Venture Codex

Participated · Series C · Oct 2019

SparkCognition develops patented AI, machine-learning, and natural-language technologies that help organizations prevent unexpected downtime, maximize asset performance, set optimal pricing, and guard IT and OT infrastructure from zero-day cyber threats. Its platform is used across oil and gas, renewables, manufacturing, financial services, transportation, and government sectors to analyze data, augment human intelligence, and drive profitable growth. The company partners with large industrial and commercial clients to deliver these capabilities as turnkey solutions. SparkCognition intends to expand both organically and through acquisitions while intensifying sales, marketing, and R&D. Following its latest financing, the company surpassed a $1.4 billion valuation, achieving unicorn status. To date, it has raised approximately $300 million in total capital.