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3 Latest Announced Rounds

$1,325.73M Raised in 74 Funding Rounds in the past 7 Days - View All

Funding Round Profile

Elemental Cognition

start up
United States - New York, NY
  • 18/08/2023
  • Series B
  • $60,000,000

Elemental Cognition (EC) provides a revolutionary Generative AI platform with superior natural language understanding that powers expert problem-solving intelligence and research & discovery applications.

EC was founded in 2015 by Dr. David Ferrucci, the renowned AI researcher and inventor of IBM’s breakthrough Watson technology. EC AI transparently engages with people to understand, reason, and explain in solving complex problems.

EC technology can be used across industries and use cases. Primary targets are Healthcare / Life Science, Investment Management, Intelligence, Logistics & Scheduling, and Contact Centers.

Elemental Cognition is committed to developing responsible and transparent AI that helps solve problems and deliver expertise in a way that can be understood and trusted.

AI’s potential to perform as a human thought partner requires transparency – the reasons why are just as important as the answers themselves.

Differentiated, Breakthrough AI: EC’s approach combines different AI strategies in a novel architecture that acquires and reasons over human-readable knowledge to solve problems collaboratively and dynamically. The result is more transparent and cost-effective delivery of expert problem-solving intelligence into conversational and discovery applications.


Related People

David FerrucciFounder

David Ferrucci United States - Wilton, Connecticut,

Dr. David Ferrucci is the CEO, Founder and Chief Scientist of Elemental Cognition. Established in 2015, Elemental Cognition is an AI company focused on deep natural language understanding and explores methods of learning that result in explicable models of intelligence. Elemental Cognition’s mission is to change how machines learn, understand, and interact with humans. Elemental Cognition envisions a world where AI technology can serve as thought partners through building a shared understanding and is capable of revealing the ‘why’ behind it’s answer.

Dr. Ferrucci is the award-winning Artificial Intelligence Researcher who built and led the IBM Watson team from its inception through its landmark Jeopardy success in 2011. Dr. Ferrucci was awarded the title of IBM Fellow in 2011 and his work in AI earned numerous awards including the CME Innovation award and the AAAI Feigenbaum Prize. From 2011 through 2012, Dr. Ferrucci pioneered Watson's applications which helped lay the technical foundation for the IBM Watson Division. After nearly 20 years at IBM research, Dr. Ferrucci joined Bridgewater Associates in 2013 to explore applications of AI in markets and management based on a synergy with Bridgewater’s deep commitment to explicable machine intelligence.

Dr. Ferrucci graduated from Rensselaer Polytechnic Institute with a Ph.D. in Computer Science. He has 50+ patents and published papers in the areas of AI, Automated Reasoning, NLP, Intelligent Systems Architectures, Automatic Text Generation, and Automatic Question-Answering. He led numerous projects prior to Watson including AI systems for manufacturing, configuration, document generation, and standards for large-scale text and multi-modal analytics. Dr. Ferrucci has keynoted in highly distinguished venues around the world including many of the top computing conferences. He has been interviewed by many media outlets on AI including: The New York Times, PBS, Financial Times, Bloomberg and the BBC. Dr. Ferrucci serves as an Adjunct Professor of Entrepreneurship and Innovation at Kellogg School of Management at Northwestern University.