Elemental Cognition, founded by AI researcher and inventor of IBM’s Watson technology Dr. David Ferrucci, develops large language models (LLMs) to provide responsible and transparent AI solutions to solve complex research and optimization problems.
The company’s main products are:
Cora: A SaaS research and discovery tool that provides users with accelerated access to information and insights. Cora's capabilities include natural language processing, semantic search, and machine-learning algorithms, which enable it to understand and retrieve relevant information from a wide variety of sources. Its use cases include investment research, visual conversations, domain knowledge exploration, and drug discovery.
Cogent: A dialog system that helps to create interactive problem-solving applications. These applications are designed to understand and transform business requirements into intelligent, engaging solutions. Cogent's capabilities include natural language processing, dialog management, and machine-learning algorithms that enable it to engage in meaningful conversations with users and provide tailored responses to their queries. Its use cases include travel planning and higher education planning.
Key customers and partnerships
In August 2023, the company entered a strategic partnership with Google Cloud to utilize foundation models available on Google’s Vertex AI and make Elemental Cognition’s services available on the Google Cloud Marketplace. It has also partnered with Runyon (May 2023), OneWorld (May 2023), and Unqork (May 2024) to offer integrated product offerings.
Funding and financials
In August 2023, Elemental Cognition raised USD 60 million in a Series B round from Bridgewater Associates, Breyer Capital, AME Cloud Ventures, Staged Ventures, and other individuals. The funds were slated to support the commercial growth of the company’s patented problem-solving platform.
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