SparkCognition

SparkCognition

Develops AI solutions for security and efficiency

About SparkCognition

Simplify's Rating
Why SparkCognition is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Cybersecurity

AI & Machine Learning

Company Size

201-500

Company Stage

Series D

Total Funding

$278.8M

Headquarters

Austin, Texas

Founded

2013

Overview

SparkCognition creates AI-driven solutions that enhance security, efficiency, and productivity across various industries, particularly in technology and cybersecurity. Their products, such as cognitive endpoint protection, use AI to detect and prevent cyber threats, helping clients like those in manufacturing and finance protect their digital assets. Unlike competitors, SparkCognition offers tailored AI solutions that address specific challenges, leveraging natural language processing for better data management and automation. The company's goal is to partner with organizations to unlock their potential through advanced AI applications.

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Simplify's Take

What believers are saying

  • Growing demand for AI in renewable energy boosts SparkCognition's market opportunities.
  • Partnerships with major firms like Boeing enhance credibility and market reach.
  • New CEO Pervinder Johar brings expertise to drive innovation and growth.

What critics are saying

  • Intense competition from emerging AI startups could erode market share.
  • AI-driven cybersecurity faces challenges from increasingly sophisticated cyber threats.
  • Regulatory scrutiny in aerospace collaborations may pose compliance challenges.

What makes SparkCognition unique

  • SparkCognition offers AI solutions across diverse sectors like energy, defense, and education.
  • Their AI-driven cybersecurity solutions provide proactive threat detection and prevention capabilities.
  • The company leverages natural language processing for efficient data management and analysis.

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Funding

Total Funding

$278.8M

Above

Industry Average

Funded Over

5 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$123M
SparkCognition

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-3%

2 year growth

-4%
EIN News
Jun 28th, 2024
Health, Safety, and Environment (HSE) Consulting and Training Services Market Overview And Statistic For 2024-2033

For instance, SparkCognition launched its SparkCognition Visual AI Advisor in May 2022, transforming standard security cameras into proactive intelligence platforms.

PR Newswire
Jan 31st, 2024
SparkCognition Government Systems Partners with Carahsoft to Enhance Public Safety with Visual AI-Driven Security Solutions

SparkCognition Government Systems partners with Carahsoft to enhance public safety with Visual ai-driven security solutions.

PR Newswire
Jan 23rd, 2024
Sparkcognition Appoints Pervinder Johar As Ceo

Amir Husain, founder, remains on as a member of the Board of DirectorsAUSTIN, Texas, Jan. 23, 2024 /PRNewswire/ -- SparkCognition, a global leader in B2B artificial intelligence (AI) software solutions, today announced the appointment of Pervinder Johar as its new Chief Executive Officer (CEO), effective February 26, 2024. Pervinder will take over the reins from founder Amir Husain, who will continue to share his vision and experience as a member of the Board of Directors."I am delighted to welcome Pervinder Johar as our new CEO. His exceptional vision, passion, and proven track record in scaling technology businesses uniquely position him to lead our company into a prosperous future," said Amir Husain. "Pervinder's commitment to innovation, coupled with his focus on customer satisfaction, will undoubtedly accelerate our growth and enhance our market leadership."Bringing over three decades of expertise in AI, machine learning, SaaS, robotics process automation, manufacturing, and supply chain management, Pervinder has proven himself a distinguished leader in the technology sector. He joins SparkCognition from Blume Global, part of WiseTech Global, where as CEO, he revolutionized logistics by integrating a networked ecosystem that optimally balanced visibility with execution

PR Newswire
Dec 13th, 2023
Primergy Selects Sparkcognition'S Ai And Asset Performance Management Solution To Maximize Solar And Storage Production

AUSTIN, Texas, Dec. 13, 2023 /PRNewswire/ -- SparkCognition, a global leader in artificial intelligence (AI) software solutions, today announced the selection of its AI-enabled Renewable Suite, delivering Asset Performance Management (APM) for Primergy's solar and storage projects. As a result of using SparkCognition's APM, Primergy can improve asset performance, streamline workflows, and capitalize on data insights.Primergy is a leading developer, owner and operator of impactful, innovative solar and storage projects across North America. Headquartered in Oakland, California, Primergy invests in projects that increase clean power reliability, reduce carbon emissions, and promote energy independence, leading to healthier communities and stronger economies."The work we do at Primergy is critical to delivering clean, reliable energy to communities across North America," said Todd Lacoste, Vice President of Asset Management at Primergy. "Leveraging Spark Cognition's Renewable Suite will help us accomplish our mission by giving our team new insights and intelligence, ensuring we can meet our customers' energy needs now and into the future."SparkCognition's Renewable Suite is a modular, configurable, and comprehensive cloud-based asset performance management solution for wind, solar, storage, and hybrid portfolio owners and operators. Powered by patented AI and machine learning technology, Renewable Suite APM allows teams to swiftly detect performance issues, automate reporting and workflows, and effectively manage growing diverse fleets

American Public Power Association
Nov 15th, 2023
Company to Use AI to Enhance Performance of Renewable Energy Fleet

Orsted, in a deal with software company SparkCognition, plans to deploy artificial intelligence across its fleet of renewable energy assets.

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