Austin AI company SparkCognition grows renewables offerings through acquisition
Summary
The acquisition adds to SparkCognition’s growing range of energy-related technology, which includes offerings for customers in the power generation and oil and gas sectors. In a statement, Amir Husain, founder and CEO of SparkCognition, said the deal fits his companys mission to solve difficult problems using artificial intelligence. The platform will help customers save money, maximize energy production and predict, detect and automate logistics for the entire range of renewable sources, the company said, including wind, solar, hydro and storage. “With today’s announcement, we will dramatically increase the depth and breadth of capabilities that we bring to our customers across wind, solar, storage, hydropower, and hydrogen verticals." SparkCognition acquired AIM2 from hedge fund Brevan Howard and global investment bank Nomura, and it also formed contracts with both firms to expand further into financial services.
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