SparkCognition Secures $32.5 Million

Software startup SparkCognition announced it has secured $32.5 million in Series B financing. Verizon Ventures and HorizonX participated in the round.

SparkCognition is a global leader in cognitive computing analytics. A highly-awarded company recognized for cutting-edge technology, SparkCognition develops AI-powered software for the safety, security, and reliability of networks. The company’s technology is capable of harnessing real time sensor data and learning from it continuously, allowing for more accurate risk mitigation and prevention policies to intervene and avert threats.

The company revealed that the funding will support its rapid expansion and customer demand, and enable deeper deployment of its machine-learning solutions into the oil and gas, utility, manufacturing, financial services, aerospace, and national security sectors.