Elemental Cognition (EC.ai), a provider of breakthrough AI technology, has closed $60M in connection with its Series B fundraise, including participation from Bridgewater Associates, Breyer Capital, AME Cloud Ventures, Staged Ventures, and other individuals. The funding will support the commercial growth of EC.ai’s patented platform, which allows enterprises to reliably solve complex problems and accelerate time to value for deploying AI solutions.
“Generative AI is a powerful technology with huge potential, but to reap its real value in the enterprise, it needs to be trustworthy,” explains founder and renowned computer scientist Dr. David Ferrucci. “With our recent round of funding, Elemental Cognition will continue to capitalize on our efforts to bring powerful reasoning and transparency to the market. Our approach is different from others because we don’t rely on LLMs alone to generate reliable answers. We use GenAI for language fluency and we combine that with precise, logical reasoning and reliable problem-solving algorithms to generate and justify trustworthy solutions.”
EC.ai uniquely combines large language models (LLMs) and natural language understanding (NLU) with advanced reasoning to ensure both fluency and correctness. EC’s offerings include innovative solutions for two use case categories: research & discovery and expert assistance. The solutions are targeted for industries where grounded evidence and justified decision-making are paramount, including life sciences, financial services, travel & logistics, higher education, and government.
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