Tech Company Financing Transactions
Elemental Cognition Funding Round
Elemental Cognition, based in New York, scored $60 million in funding from Breyer Capital, Bridgewater Associates and private investors.
Transaction Overview
Company Name
Announced On
8/17/2023
Transaction Type
Venture Equity
Amount
$60,000,000
Round
Undisclosed
Investors
Proceeds Purpose
They can be used in financial services, interactive travel planning and for automating research discovery in life sciences.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
230 Park Avenue, 3rd Floor West
New York, NY 10169
USA
New York, NY 10169
USA
Phone
Undisclosed
Website
Email Address
Overview
Elemental Cognition (EC) provides a revolutionary Generative AI platform with superior natural language understanding that powers expert problem-solving intelligence and research & discovery applications. EC was founded in 2015 by Dr. David Ferrucci, the renowned AI researcher and inventor of IBM's breakthrough Watson technology. EC AI transparently engages with people to understand, reason, and explain in solving complex problems. EC technology can be used across industries and use cases. Primary targets are Healthcare / Life Science, Investment Management, Intelligence, Logistics & Scheduling, and Contact Centers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
David Ferrucci
Chief Operating Officer
David Shepler
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We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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