CognitiveScale Secures $15 Million

Software startup CognitiveScale announced it has raised $15 million in financing. Norwest Venture Partners, Intel Capital, Microsoft Ventures, The Westly Group, and USAA participated in the funding.

CognitiveScale is a provider of enterprise Cognitive Cloud™ software, a new class of big data interpretation and machine learning systems that aim to accelerate decision-making, enhance customer engagement, and improve employee productivity. Powered by its Insights Fabric™ Cognitive Cloud platform, the company aims to optimize cognitive processes and applications for a variety of enterprises and industries, including healthcare, commerce, employee service, and procurement. CognitiveScale’s technology uses advanced machine intelligence to transform massive amounts of multi-structured data, including text, images, sensor data, video and “dark data,” into cognitive insights that prescribe contextual action for the benefit of users and businesses.

The company revealed that CognitiveScale will use the recent funding to advance the state of its two flagship products.