Intel Among Investors in Cognitive Computing Startup

The scaling of machine intelligence technology in the enterprise continues apace with another successful venture funding round reported by a cognitive computing startup. CognitiveScale of Austin, Texas, said Tuesday (Aug. 2) that Intel Capital and Norwest Venture Partners led a Series B funding round that garnered $21.8 million. The startup launched nearly two years ago by IBM (NYSE: IBM) veterans said it would use the cash infusion to expand its product portfolio and global sales as demand grows for cognitive applications based on machine learning. Representatives from both venture funds will join CognitiveScale’s board, the startup added. “This funding will accelerate our mission to bring scalable, practical [artificial intelligence] to the enterprise,” Manoj Saxena, executive chairman of CognitiveScale noted in a statement. The startup emerged from stealth mode in October…

Link to Full Article: Intel Among Investors in Cognitive Computing Startup

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