Security analytics company SparkCognition has announced that it has closed $6 million in a Series B funding from CME Ventures and Verizon Ventures with existing investors taking part.
Texas-based SparkCognition said it is applying machine learning and artificial intelligence to identify potential attacks, allowing for more accurate risk mitigation policies. It said it is using patent-pending algorithms to deploy a data-driven analytics platform for clouds, devices and Internet of Things.
“We are already well on our way to an AI-powered Industrial IoT Revolution – where cognitive systems will truly augment human capabilities, but at machine speed and big data scale,” Amir Husain, Founder and CEO of SparkCognition said in a press release. “Our collaboration with CME Ventures and Verizon Ventures further validate the work we are doing at SparkCognition and speak to the industry needs we are addressing within the Industrial IoT and cyber security markets.”
SparkCognition did not specify what the funding would be used for.
Founded in 2013, SparkCognition has reportedly raised a total of $12 million.
