Spark Cognition, an Austin, Texas-based AI, machine learning company to add security, management to assets, raised 6m in Series B funding.
Backers included CME Ventures (Chicago Mercantile), Verizon Ventures, The Entrepreneurs’ Fund (TEF) and Alameda Ventures.
The company will use the funds to accelerate growth in the IoT and cyber security verticals.
Led by CEO Amir Husain, Spark Cognition provides Artifical Intelligence, machine learning solutions to add security, management to assets, especially in industrial industries, oil & gas, utilities, etc., with IoT and cyber security needs. The company’s cybersecurity centered solution works by analyzing structured and unstructured data and natural language sources to identify potential attacks in the IoT environment of dozens of Fortune 500 and Fortune 1,000 organizations.