CognitiveScale Collects $21.8M

Austin-based machine intelligence software developer CognitiveScale says this morning that it has raised $21.8M in a financing round. The funding was co-led by Norwest Venture Partners and Intel Capital, with Norwest's Promod Haque and Intel's Vibhor Rastogi both joining the board. CognitiveScale said the new funding goes toward sales and development. CognitiveScale is led by Manoj Saxena. More information »