IBM: The scientist behind IBM Watson has raised $60 million
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According to a regulatory filing, IBM Watson’s scientist raised $60 million for his artificial intelligence startup.

According to a regulatory filing, David Ferrucci has raised nearly $60 million for his artificial intelligence company Elemental Cognition.

2015 was the year Ferrucci founded the company.

In addition to Jim Breyer, former IBM CEO Sam Palmisano, and Geoff Yang of Redpoint Ventures, Elemental has investors and advisers.

According to a regulatory filing, David Ferrucci, who led IBM Watson’s artificial intelligence team, has raised nearly $60 million for his AI startup Elemental Cognition.

According to the filing on Thursday, the company sold $59.95 million of equity to 17 investors and plans to raise another $5.75 million.

In its website, Elemental says it strives to develop AI that “thinks before it talks.” It offers two enterprise products, Cogent and Cora, which are essentially chatbots designed for specific situations. In the life science field, they can be used for automating research discovery, interactive travel planning, and financial services.

As IBM Watson’s leader from 2006 to 2012, he led the computer system to win “Jeopardy! Bridgewater Associates, one of the world’s largest hedge funds, hired him to run AI research. Dr. Ferrucci graduated from Rensselaer Polytechnic Institute with a Ph.D. in computer science.

David Shepler, a former top Bridgewater executive who also worked at IBM, is Elemental’s operating chief. Eric Brown, a vice president at Elemental, and Mike Barborak, a director, are also members of the leadership team with IBM on their resumes.

Elemental’s investors and advisors page lists Jim Breyer, founder and CEO of Breyer Capital and one of the first investors in Facebook, as well as former IBM CEO Sam Palmisano.