Verizon
Canvas Category Machinery : Operational Technology : IIoT
Assembly Line
CoreTigo Raises $13M Series B Round led by Cardumen Capital and Verizon Ventures
CoreTigo, the industrial wireless connectivity solutions provider, today announced the close of its $13 million Series B financing round, bringing total financing raised to date to $27 million. Strategic investor Verizon Ventures joined CoreTigo’s portfolio of distinguished investors, including Cardumen Capital, which led the round, and existing investors Lenovo Capital, Magma Venture Partners, Meron Capital, Qualcomm Ventures LLC and Sierra Ventures.
Boeing HorizonX Invests in Artificial Intelligence Leader SparkCognition
Boeing announced it is investing in SparkCognition, an Austin, Texas-based company focused on artificial intelligence and machine learning in the fields of information technology security and industrial operations. It is the latest investment by the Boeing HorizonX venture arm established earlier this year SparkCognition has established itself as a machine learning technology leader, developing a cognitive, data-driven analytics platform for the safety, security and reliability of data technology for customers in energy, oil and gas, manufacturing, finance, aerospace, defense, telecommunications and security.
“SparkCognition is at the forefront of a technological shift in machine learning and artificial intelligence that will revolutionize every aspect of industry. They are leaders in AI, and they are pursuing the types of technologies that are critical to our future products and services,” said Greg Hyslop, Boeing chief technology officer and senior vice president, Engineering, Test & Technology.
Boeing is joining a group of strategic investors led by Verizon Ventures as SparkCognition closes its initial $32 million funding round.