SparkCognition Closes $32 Million Funding Round

SparkCognition, a fast-growing artificial intelligence company, recently announced the close of an initial $32.5 million series B funding round. The investment was led by Verizon Ventures with key participation from The Boeing Company, through its Boeing HorizonX unit. "SparkCognition has pioneered the use of artificial intelligence to bring unparalleled advancements to many of the world's Fortune 1000 companies," said Vijay Doradla, Director, Verizon Ventures. "We are thrilled to invest in SparkCognition again, and look forward to supporting the company as it continues to transform markets and the businesses of tomorrow." Ranked No. 20 in the 2017 CNBC Disruptor 50 list, SparkCognition has established itself as a machine learning technology leader with business-critical solutions in place for customers in energy, oil and gas, manufacturing, finance, aerospace, defense, telecommunications, and security.