CognitiveScale was founded by Matt Sanchez in 2013 with its headquarters based in Austin, Texas although the company also has offices in New York, London, and India.
Already the company has become the leading augmented intelligence software providers and this week sees another advancement that’s likely to keep them in that spot for quite some time.
Cortex 5 is the name given to the next generation of CognitiveScale’s artificial intelligence (AI) and blockchain-based technology. It’s been designed to help speed up AI systems that look to combine the skills of both humans and machines.
It’s also there to improve decision-making and increase user engagement. Many companies are still reluctant to integrate AI into their businesses and CognitiveScale is there to help pave the way.
“CognitiveScale’s mission is to remove the barriers to AI adoption and solve complex business problems at scale in financial services, healthcare, and digital commerce markets,” said Sanchez.
“Our Cortex 5 platform helps businesses derive rapid benefit from AI-powered business processes by bridging the data, skills, and tooling gaps between data science workflows and the software development lifecycle.
Cortex 5 helps companies with very little machine learning expertise to create their own AI systems through three different cloud-based options:
- AI Systems: This is a collection of AI software agents that have been built by the Cortex AI Platform. They are there to deliver bespoke solutions for companies using AI.
- AI Platform: This lifecycle management platform allows those with very little or no experience in the world of AI to build their own complex systems at scale. Just some of the capabilities it provides are: visual AI system design, AI personalisation, secure data and intellectual property asset ownership, AI explainability, algorithmic trust and assurance, and machine learning model lifecycle optimisation.
- AI Marketplace: This AI collaboration system draws in thousands of different algorithms, data, models, and services in one open space platform. It’s there to provide support for data scientists, researchers, and business experts and is a great way to find the relevant expertise to come up with new ideas, help work through problems and just learn from each other wherever possible.
Some of the company’s existing clients include NBC Universal, Barclays, USAA, Under Armour, Ascension, Exxon Mobil, GolfNow, and MD Anderson. While those funding the company are IBM Watson, Intel Capital, Microsoft Ventures, and Norwest Venture Partners.