Following this round, the company achieved a unicorn valuation in excess of $1.4 billion, bringing the total capital raised to $300 million. Proceeds from this round will accelerate sales and marketing efforts, amplify research and development investments, and facilitate organic and inorganic growth. It also serves to underpin the financial wherewithal of the business.

The round was represented by new and existing investors, including March Capital, Doha Venture Capital, B. Riley Venture Capital, AEI Horizon X, Temasek, Alan Howard, and Peter Löscher. The investment brings the latest validation of the value SparkCognition brings to customers across global industries, including oil and gas, renewables, manufacturing, financial services, transportation, and government.

SparkCognition's award-winning AI solutions allow organizations to predict future outcomes, optimize processes, and prevent cyberattacks. SparkCognition partners with the world's industry leaders to analyze, optimize, and learn from data, augment human intelligence, drive profitable growth, and achieve operational excellence. The patented AI, machine learning, and natural language technologies lead the industry in innovation and accelerate digital transformation. SparkCognition's solutions allow organizations to solve critical challenges-prevent unexpected downtime, maximize asset performance, optimize prices, and ensure worker safety while avoiding zero-day cyberattacks on essential IT and OT infrastructure.