Elemental Cognition has filed a notice of an exempt offering of securities to raise $65,700,173.00 in New Equity Investment.6
According to filings with the U.S. Securities and Exchange Commission, Elemental Cognition is raising $65,700,173.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, David Ferrucci played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Elemental Cognition
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 IBMs 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. Elemental Cognition is committed to developing responsible and transparent AI that helps solve problems and deliver expertise in a way that can be understood and trusted. AIs potential to perform as a human thought partner requires transparency the reasons why are just as important as the answers themselves. Differentiated, Breakthrough AI: ECs approach combines different AI strategies in a novel architecture that acquires and reasons over human-readable knowledge to solve problems collaboratively and dynamically. The result is more transparent and cost-effective delivery of expert problem-solving intelligence into conversational and discovery applications.
To learn more about Elemental Cognition, visit http://ec.ai/
Contact:
David Ferrucci, Chief Executive Officer
929-209-0824
SOURCE: http://www.intelligence360.io
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