David Ferrucci, who led the team behind IBM Watson, raised nearly $60 million in funding for his AI startup, Elemental Cognition, according to an SEC filing.
David Ferrucci, who led the team that created IBM Watson, has raised nearly $60 million for his artificial intelligence startup called Elemental Cognition, according to a regulatory filing.
Elemental's investors and advisers include Jim Breyer, former IBM CEO Sam Palmisano and Geoff Yang of Redpoint Ventures.David Ferrucci, chief executive officer and founder of Elemental Cognition, speaks during a conference in New York, Nov. 8, 2017.David Ferrucci, a prominent artificial intelligence researcher who led the team that created
Headquartered in New York's historic Helmsley Building, Elemental says on its website that the company seeks to develop AI that "thinks before it talks." It offers two enterprise products, Cogent and Cora, which are essentially chatbots designed for different scenarios. They can be used in financial services, interactive travel planning and for automating research discovery in life sciences.
Elemental's operating chief is David Shepler, another former top Bridgewater executive who also worked at IBM. Other members of Elemental's leadership team with IBM on their resumes include Eric Brown and Mike Barborak, who are both vice presidents., is named on Elemental's investors and advisors page, as is former IBM CEO Sam Palmisano. Greg Jensen, Bridgewater's co-chief investment officer, and Geoff Yang of Redpoint Ventures are also in that group.
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