About SparkCognition
SparkCognition is a company based in Austin (United States) founded in 2013.. SparkCognition has raised $285.88 million across 6 funding rounds from investors including CME Group, Verizon and Boeing. The company has 91 employees as of April 05, 2024. SparkCognition has completed 3 acquisitions, including Ensemble Energy, Iwizard and Maana. SparkCognition offers products and services including AI Platform, Inventory Management, and Autonomous Systems. SparkCognition operates in a competitive market with competitors including Uptime AI, Augury, Uptake, Infinite Uptime and ThingWorx, among others.
- Headquarter Austin, United States
- Employees 91 as on 05 Apr, 2024
- Stage Unicorn
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Sectors
TechnologyIndustrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Sparkcognition India Private Limited
- Date of Incorporation 23 Feb, 2022
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$2.92 M (USD)0as on Mar 31, 2023
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Net Profit
$-3.51 M (USD)0as on Mar 31, 2023
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EBITDA
$-1.7 M (USD)0as on Mar 31, 2023
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Total Equity Funding
$285.88 M (USD)
in 6 rounds
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Latest Funding Round
$123 M (USD), Series D
Jan 25, 2022
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Investors
CME Group
& 25 more
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Employee Count
91
as on Apr 05, 2024
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Investments & Acquisitions
Ensemble Energy
& 2 more
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Products & Services of SparkCognition
SparkCognition offers a comprehensive portfolio of products and services, including AI Platform, Inventory Management, and Autonomous Systems. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for optimizing physical infrastructure and operations
AI-driven system for supply chain visibility and asset optimization
Tools to prepare for future smart infrastructure systems
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Funding Insights of SparkCognition
SparkCognition has successfully raised a total of $285.88M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $123 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series D — $123.0M
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First Round
First Round
(15 Aug 2013)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series D - SparkCognition | Valuation | March Capital | |
| Oct, 2019 | Amount | Series C - SparkCognition | Valuation | March Capital , Temasek | |
| Feb, 2018 | Amount | Series B - SparkCognition | Valuation | Verizon |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SparkCognition
SparkCognition has secured backing from 26 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include CME Group, Verizon and Boeing. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in multiple sectors
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Founded Year | Domain | Location | |
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SparkCognition
SparkCognition has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Ensemble Energy, Iwizard and Maana. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Machine learning and AI platform for solar & wind power plant monitoring
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2017 | ||||
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AI-based solutions for actionable intelligence from data are provided.
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2014 | ||||
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Analytics and knowledge graph platform is offered for multi-industry applications.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SparkCognition
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sparkcognition Comparisons
Competitors of SparkCognition
SparkCognition operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Uptime AI, Augury, Uptake, Infinite Uptime and ThingWorx, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of cloud based management solutions
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| domain | founded_year | HQ Location |
Provider of IoT and cloud-based machine analytics and predictive maintenance solutions
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| domain | founded_year | HQ Location |
Cloud-based predictive analytics platform is utilized for asset maintenance insights.
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| domain | founded_year | HQ Location |
AI-powered predictive maintenance solutions are provided for industrial equipment reliability.
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| domain | founded_year | HQ Location |
Platform to build and run applications for connected devices
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sparkcognition
Frequently Asked Questions about SparkCognition
When was SparkCognition founded?
SparkCognition was founded in 2013.
Where is SparkCognition located?
SparkCognition is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is SparkCognition a funded company?
SparkCognition is a funded company, having raised a total of $285.88M across 6 funding rounds to date. The company's 1st funding round was a Series B of $24M, raised on Aug 15, 2013.
How many employees does SparkCognition have?
As of Apr 05, 2024, the latest employee count at SparkCognition is 91.
What is the annual revenue of SparkCognition?
Annual revenue of SparkCognition is $2.92M as on Mar 31, 2023.
What does SparkCognition do?
SparkCognition was established in 2013 in Austin, United States. An AI-based platform is provided, focusing on machine learning for predictive analytics. Defects in combustion turbines are anticipated, and asset operations are optimized. Malware attacks are detected and mitigated, while process visibility is enhanced to minimize errors. Business analytics are also supplied. Applications span manufacturing, defense, aviation, maritime, financial services, oil, and gas sectors.
Who are the top competitors of SparkCognition?
SparkCognition's top competitors include UpKeep, Uptime AI and Infinite Uptime.
What products or services does SparkCognition offer?
SparkCognition offers AI Platform, Inventory Management, and Autonomous Systems.
How many acquisitions has SparkCognition made?
SparkCognition has made 3 acquisitions, including Ensemble Energy, Iwizard, and Maana.
Who are SparkCognition's investors?
SparkCognition has 26 investors. Key investors include CME Group, Verizon, Boeing, Hearst, and B. Riley Financial.
What is SparkCognition's valuation?
The valuation of SparkCognition is $1.4B as of Jan 2022.
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