Brainspace Lands Investment, Support from US Intelligence Group

Dave Copps is the CEO of Brainspace. Brainspace has received a vote of confidence from a big advocate of U.S. intelligence market. The Addison-based company solidified a strategic investment from In-Q-Tel Inc., a nonprofit that accelerates the development of technologies for the U.S. intelligence community. The company, which focuses on artificial intelligence and machine learning, could not release figures on the investment due to a nondisclosure agreement, but Brainspace CEO Dave Copps calls it “significant.” The company has previously received investments including a $5 million and $10 million round led by Miami-based private equity firm Medina Capital. “It really validates the technology,” said CEO Dave Copps, adding that the association with In-Q-Tel was the most valuable part of the agreement. “The fact that it passed the muster on technology that’s…

Link to Full Article: Brainspace Lands Investment, Support from US Intelligence Group

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