Elemental Cognition Closed $60M Series B Funding
Elemental Cognition stands out with its generative AI technology that uniquely melds large language models (LLMs) with an array of other AI methodologies to deliver answers to evolving problems.
Company Name: Elemental Cognition (EC.ai)
Location: New York
About: AI technology provider aiming to address the most challenging issues
Funding Raised: $60M in Series B round
Lead and Participating Investors:
- Bridgewater Associates
- Breyer Capital
- AME Cloud Ventures
- Staged Ventures
- Among other individual backers
Purpose for Funds: Drive the commercial expansion of its proprietary platform.
Background:
Product/Service: Elemental Cognition stands out with its generative AI technology that uniquely melds large language models (LLMs) with an array of other AI methodologies to deliver answers to evolving problems. EC's product suite covers two primary application areas: research & discovery and expert support. Their innovations cater to a range of sectors, from life sciences, financial services, and travel & logistics to higher education and governmental entities.
Company Leadership: Founded by Dr. David Ferrucci in 2015
Harnessing the power of AI to navigate complex challenges, Elemental Cognition has drawn substantial investment from a distinguished roster of backers. As the company continues to innovate, its recent financial infusion is poised to propel EC's state-of-the-art generative AI solutions to even greater commercial success.