Austin’s SparkCognition Sparks $24M Series B

Austin Inno is reporting that Austin-based AI firm SparkCognition announced today it has completed a Series B funding round of $24 million.

That round builds on an earlier round last June of $32.5 million. 

SparkCognition builds AI solutions for applications in energy, oil and gas, manufacturing, finance, aerospace, defense, and security. Its website currently lists four core product lines which the company claims provides “human intelligence at machine scale.”

Austin Inno observes that SparkCognition’s new funding is “part of a wave of recent investment in Austin-based AI and machine learning companies,” with large rounds going to CognitiveScale, Conversable, Tethr, and Cerebri AI last year, among others.