Austin-based CognitiveScale Raises a .8M Series B

CognitiveScale, a big data analytics and machine intelligence software company, spent more than a year in stealth mode developing products to generate insights out of data for large companies. Since emerging publicly in 2014, the company has been growing rapidly. On Tuesday, the company announced it has raised a $21.8 million Series B round led by Norwest Venture Partners and Intel Capital to boost global sales and further develop its smart data products. Norwest’s Promod Haque and Intel Capital’s Vibhor Rastogi will join CognitiveScale’s Board of Directors as part of the deal. CognitiveScale has landed deals with Fortune 100 healthcare, financial services and commerce companies, and it has filed more than 60 patents for its “Deep Cognition Engine,” which provides AI algorithms to develop insights from changing data and market conditions.…


Link to Full Article: Austin-based CognitiveScale Raises a .8M Series B