ORIX Corporation USA’s Growth Capital Business Completes Growth Capital Debt Investment in SparkCognition
ORIX Corporation USA (OCU)’s Growth Capital business announced today that it has recently completed a growth capital debt investment in SparkCognition, a global leader of artificial intelligence (Al) software solutions that empower enterprises to solve critical business problems.
“We have been thoroughly impressed with SparkCognition’s differentiated set of patented technologies that has operationalized AI at scale across a gamut of industries and applications, including industrial predictive maintenance, cyber security end point protection, and worker safety,” said Blake Zhang, Director of OCU’s Growth Capital business. “We are beyond excited to partner with SparkCognition and look forward to supporting its continued momentum and mission in delivering enterprise scale AI applications that we believe help to build a smarter, safer, and more sustainable future.”
“We are delighted to partner with OCU’s Growth Capital business towards our mission of delivering world-class Al solutions that allows our customers to solve their most critical challenges,” said Peter Seibold, Chief Strategy Officer. “Their support will be instrumental in allowing SparkCognition to extend its reach to new geographies and markets, complementing the work it has done in oil and gas, renewables, manufacturing, financial services, transportation, and government.”
About OCU’s Growth Capital Business
OCU’s Growth Capital business specializes in designing highly customized financing solutions for high-growth companies with investments starting around $5 million and growing to $100 million. The team has committed over $2 billion to more than 175 companies. OCU’s Growth Capital business is a unit of ORIX Advisers, LLC, a registered investment adviser and a wholly owned subsidiary of ORIX Corporation USA (ORIX USA). Since 1981, ORIX USA has served the middle market with creative and flexible capital solutions, delivering through a capital base that combines the strength of its balance sheet with funds from third-party investors seeking access to attractive alternative investments. With a focus on private credit, real estate and private equity, ORIX USA and its subsidiaries — Boston Financial Investment Management, Lument, NXT Capital, RB Capital, ORIX Advisors, Signal Peak Capital Management and ORIX Capital Partners—have over 1300 employees across the U.S. and Brazil. ORIX USA and its family of companies have $84.8 billion in assets, which include $26.9 billion of assets under management ($6.4 billion managed by ORIX Advisers), $47.1 billion in servicing and administration assets, and approximately $11 billion in proprietary assets, as of March 2022. Its parent company, ORIX Corporation, is a publicly owned international financial services company with operations in 28 countries and regions worldwide. ORIX Corporation is listed on the Tokyo Stock Exchange (8591) and New York Stock Exchange (IX).
SparkCognition’s award-winning Al solutions allow organizations to predict future outcomes, optimize processes, and prevent cyberattacks. SparkCognition has partnered with the world’s industry leaders to analyze, optimize, and learn from data, augment human intelligence, drive profitable growth, and achieve operational excellence. Their patented Al, machine learning, and natural language technologies lead the industry in innovation and accelerate digital transformation. SparkCognition’s solutions allow organizations to solve critical challenges–prevent unexpected downtime, maximize asset performance, optimize prices, and ensure worker safety while avoiding zero-day cyberattacks on essential IT and OT infrastructure. To learn more about SparkCognition, visit http://www.sparkcognition.com.
All trademarks and logos noted are property of their respective owners and no endorsement or association of or with ORIX USA or its affiliates is intended or implied.
Select highlightsView all highlights
Dallas Innovates: Fort Worth Conversational AI Platform SmartAction Secures Funding, Brings Total Investment to $38M