SparkCognition Lands $6,000,000 Series B Financing

  • Feed Type
  • Date
    4/26/2016
  • Company Name
    SparkCognition
  • Mailing Address
    4030 W. Braker Lane Austin, TX 78759 USA
  • Company Description
    SparkPredict applies sophisticated algorithms to vast quantities of sensor data imbuing the Industrial Internet with intelligence. Next-generation AI-driven prognostics warn operators about failures before they occur, identify sub-optimal operating conditions and assist with root-cause analysis.
  • Website
    http://www.sparkcognition.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $6,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    SparkCognition will use the funding to fuel its rapid growth as the company continues to gain major traction in the IoT and cyber security verticals.
  • M&A Terms
  • Venture Investor
    CME Group
  • Venture Investor
    Verizon Ventures
  • Venture Investor
    The Entrepreneurs Fund
  • Venture Investor
    Undisclosed

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