Microsoft Ventures Invests In Austin AI Startup Cognitive Scale Xconomy

Austin--Microsoft Ventures has invested in Austin artificial intelligence startup CognitiveScale, filling out its Series B investment round to more than 25 million, the company reported Tuesday. Cognitive Scale would not reveal the amount Microsoft has invested. In August, the startup announced it had raised a total of 21.8 million in the Series B round from investors such as Intel Capital and Norwest Venture Partners. The Microsoft investment will go towards developing artificial intelligence software for the computing giant's Microsoft HoloLens and Microsoft Azure products, according to a press release. "Our goal is to embed cognitive systems of intelligence into a whole range of new personal computing applications and business processes, from customer engagement, to procurement and regulatory compliance, using hyper-personalized holographic projections and mixed reality," CognitiveScale CEO Akshay Sabhikhi said in the press release.