Saffron Technology, a Cary, NC-based cognitive systems company, received $7m in Series B funding.
Backers were not named.
The company intends to use the funds to accelerate business growth, including opening new global headquarters in Silicon Valley in spring 2014.
Founded in 1999 and led by Gayle Sheppard, CEO, Saffron Technology provides Fortune1000 businesses with cognitive systems that find connections among data across diverse sources, without the need for rules or modeling and allow them to make infomed decisions and reduce unnecessary risk and waste.
Customers include companies working in industries including manufacturing, retail, defense, and healthcare.
FinSMEs
20/03/2014