PALO ALTO, Calif.--(BUSINESS WIRE)--Cognizer, the inventor of the first Deep Learning Corporate Brain, announced today that it has publicly launched activities after closing its initial Mentor-Round™ led by GigFounders, LLC (www.GigFoundersGlobal.com). Terms of the investment were not disclosed.
The funding is being used to both launch Cognizer’s Early Adopters Program and to initiate the integration of the Cognizer Corporate Brain with the Box, Inc. (NYSE: BOX) Enterprise Content Platform.
Industry’s First Corporate Brain
Cognizer’s Corporate Brain will behave like a virtual assistant that will constantly be assisting employees, whether in meetings or in-person conversations, to deliver a totally personalized experience. It does so by scrolling through files, email, and other digital content and building a semantic graph. It is the industry’s top Natural Language Understanding Platform with over 96.7% accuracy on the Penn Bank Test(1).
The Platform is based on a sophisticated Deep Learning Network and massively scalable, distributed Unstructured Information Management Architecture (UIMA) pipeline. The system has pre-learned important informational corpuses, including Wikipedia, Wikidata, The CIA World Factbook, Freebase, and Word Net. It can ingest vast amounts of corporate content, including document files in file systems, email, meeting transcriptions, and websites.
Cognizer has three user applications: Brain Bot - a complex Q&A system; Brain Board - a unique real-time research assistant; and Brain Base - a Wiki-style knowledge management system.
“Cognizer has created the most accurate natural language understanding platform, boasting an industry leading 96.7% accuracy. If Cognizer reads the information, it knows it forever and provides immediate recall,” said Jack Porter, Co-Founder and CEO of Cognizer. “We believe our Corporate Brain is a game changer for innovative knowledge driven companies and the next advancement in the deployment of Artificial Intelligence and Machine Learning technology into the enterprise.”
“The technology behind Cognizer will revolutionize the way large enterprises work with information. With Cognizer, it is not store and forget, it is read and provide value continuously. Having the privilege of meeting with the top industry technologists and reviewing hundreds of exceptional technology ideas, we found Jack to be an Artificial Intelligence and Machine Learning futuristic thought leader. I am convinced the Cognizer concept and technology is a unique and exceptionally sophisticated game-changing product. We are grateful for the opportunity to participate in this fantastic opportunity,” said Dr. Avi Katz, Managing Member of GigFounders, LLC and Executive Chairman of Cognizer.
Initial Deployment through the Enterprise Content Platform of Box, Inc.
The Box.com Enterprise Content Platform is a sophisticated enterprise content management system. Box has 280,000 companies using the platform with over 44 million users. 99% of the Fortune 500 Companies use Box and there is currently over 4 billion monthly content interaction on the Box system. Cognizer will read any content submitted to Box and the security and privacy of the content is tightly controlled.
About GigFounders, LLC
GigFounders, LLC, (GigFounders) is an investment group founded by Dr. Katz, and is led by a team of technology industry experts and entrepreneurs who offer financial and executive operational and mentoring advisory services to private companies looking to accelerate their path from inception into their growth-stage by leveraging GigFounders “Private-to-Public Equity (PPE)™” methodology.
GigFounders is also the founder and Managing Member of GigAcquisitions, LLC, which is the sponsor of GigCapital, Inc. (NYSE: GIG) a PPE company, also known as a Blank-Check Special-Purpose-Acquisition-Company (SPAC).
Dr. Katz, and advisors and other team members of GigFounders, led and participate in the Mentor- Round™.
Private-to-Public Equity (PPE) and Mentor Round are trademarks of GigFounders, LLC.
| (1) | The Penn Bank Test is a standard industry test for optimizing Natural Language Understanding platforms |
About Cognizer
Cognizer is a Corporate Brain based on the industry’s top Natural Language Platform. The Company is led by AI veterans Jack Porter and Soundar Velu. Cognizer is planning to launch its exclusive Early Adopters Program in July of 2019 to enterprises that use Box.com’s Enterprise Content Platform. For Additional information, please visit www.cognizer.ai and www.GigFG.com,