# Avathon

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/avathon

- Industry: Software
- Headquarters: Austin, US
- Website: www.sparkcognition.com
- Total disclosed funding: $301M
- Latest round: Series D (Jan 25, 2022)
- Investors on record: 20

## About

Based in Texas, US, and founded in 2013 by CEO Amir Husain, SparkCognition Inc. develops a SaaS (software-as-a-service)-based platform and provides AI (artificial intelligence)-powered solutions including SparkPredict, DeepArmor, DeepNLP, and Darwin for enterprises within the defense, IoT (internet of things), finance, and other industries. In January 2022, SparkCognition, Inc. raised USD 123 million in a Series D funding co-led by AE Industrial Partners, B. Riley Financial, Inc., Doha Venture Capital, March Capital Partners, and Temasek Holdings, with participation from individual investors. The series D funding values SparkCognition, Inc. at USD 1.31 billion post-money.

SparkCognition provides EPP to predict and prevent cyberattacks; a manufacturing suite to improve quality and operational efficiency, offering actionable predictive and prescriptive maintenance for resource management tools for manufacturers; maritime shipping advisor to optimize maritime fleet; oil and gas maintenance advisor to prevent unplanned downtime and improve efficiency across operations; renewable suite, and AI-powered renewable energy asset performance management platform for hydro, wind, solar and storage; and trading suite, an end-to-end market making trading platform for broad asset classes. The company’s client base includes businesses operating in multiple sectors, including aerospace, cybersecurity, energy, financial services, government and defense, manufacturing, maritime, oil and gas, power and utilities, renewables, and transportation.

The company plans to use its proceeds from January 2022 funding to enhance sales and marketing, strengthen research and development, enable organic and inorganic growth, and financial wherewithal of the business.

## Funding rounds

- Series D, Jan 25, 2022, $123M — Temasek Holdings, AE Industrial Partners, March Capital, B. Riley Financial, Inc., Doha Venture Capital
- Series C, Oct 8, 2019, $100M — Temasek Holdings, Alameda Capital, Kerogen Capital, Hearst Ventures, March Capital, Dalus Capital, BDT & MSD Partners, HorizonX Ventures, Blue Horizon, Sustainable Technology Ventures, Founders Equity Partners
- Series B, Nov 7, 2018, $15M — Hudson Sustainable Group
- Series B, Feb 20, 2018, $24M — Brevan Howard, Verizon Ventures, CME Ventures, HorizonX Ventures, Energize Capital
- Series B, Jun 26, 2017, $33M — Verizon Ventures, HorizonX Ventures
- Series A, Apr 26, 2016, $6M — Alameda Capital, Entrepreneurs Fund, Verizon Ventures, CME Ventures

## Investors

- Alameda Capital — Series A, Series C
- Entrepreneurs Fund (https://capitalatlas.ai/funds/entrepreneurs-fund) — Series A
- Verizon Ventures (https://capitalatlas.ai/funds/verizon-ventures) — Series A, Series B
- CME Ventures (https://capitalatlas.ai/funds/cme-ventures) — Series A, Series B
- HorizonX Ventures (https://capitalatlas.ai/funds/horizonx-ventures) — Series B, Series C
- Brevan Howard — Series B
- Energize Capital (https://capitalatlas.ai/funds/energize-capital) — Series B
- Hudson Sustainable Group (https://capitalatlas.ai/funds/hudson-sustainable-group) — Series B
- Temasek Holdings — Series C, Series D
- Kerogen Capital (https://capitalatlas.ai/funds/kerogen-capital) — Series C
- Hearst Ventures (https://capitalatlas.ai/funds/hearst-ventures) — Series C
- March Capital (https://capitalatlas.ai/funds/march-capital) — Series C, Series D
- Dalus Capital (https://capitalatlas.ai/funds/dalus-capital) — Series C
- BDT & MSD Partners (https://capitalatlas.ai/funds/bdt-msd-partners) — Series C
- Blue Horizon (https://capitalatlas.ai/funds/blue-horizon) — Series C
- Sustainable Technology Ventures — Series C
- Founders Equity Partners (https://capitalatlas.ai/funds/founders-equity-partners) — Series C
- AE Industrial Partners (https://capitalatlas.ai/funds/ae-industrial-partners) — Series D
- B. Riley Financial, Inc. — Series D
- Doha Venture Capital — Series D