Artificial Intelligence Startup SparkCognition Closes on $32.5 Million - SiliconHills

Austin-based SparkCognition, a startup focused on artificial intelligence, announced Monday that it has closed on $32.5 million in funding. Verizon Ventures led the Series B funding round with participating 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," Vijay Doradla, Director at Verizon Ventures, said in a news release. "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." SparkCognition has created a data-driven analytics platform for Internet of Things applications with customers in energy, oil and gas, manufacturing, finance, aerospace, defense, telecommunications, and security.