AI Engineering Platform CognitiveScale Acquired by TecnoTree
Gunderson Dettmer represented client CognitiveScale, a developer of machine-augmented intelligence software, in its acquisition by Tecnotree, a Business Support System (BSS) provider. CognitiveScale’s AI platform is designed to interpret multi-structured data and user behaviors to increase engagement, improve decision-making and deliver self-learning and self-assuring business processes. The newly combined companies will accelerate 5G monetization, increase their total experience capabilities and expand its services in North America.
In the announcement of the acquisition, CEO of CognitiveScale Bob Picciano said, "This acquisition by Tecnotree is an exciting extension of our mission to serve new industries and markets globally with our Cortex AI platform. We are thrilled that CognitiveScale Cortex can carry on and serve as the anchor for Tecnotree's North America presence. The power of AI to drive intelligent use cases on top of Tecnotree's digital platform is a game changer that will deliver a personalized marketplace of applications and services for consumers in all industries."
The Gunderson Dettmer deal team was led by Wes Watts and included Luke Thomas and Emma Anderson.