Beyond Limits, a company providing Cognitive AI solutions, raised $133 million in a Series C funding round. The Los Angeles based company will use these funds for further expansion of the company in the United States, and also in Asia, Europe, the Middle East, and Africa. It is also planning to launch Beyond Limits Asia, with regional headquarters in Singapore and functional units in Hong Kong, Taipei, and Tokyo. The funding will also accelerate Beyond Limits’ Cognitive AI application development and SaaS product portfolio in addition to fueling the Beyond Labs R&D program.
Founded in 2014, Beyond Limits applies artificial intelligence to many industrial sectors, including energy, utilities, and healthcare. It’s Cognitive AI uses human-like reasoning to solve problems in these sectors. It combines encoded human knowledge with data sources to elevate operational insights, improve operating efficiency, and increase performance. It uses machine learning, deep learning, and reasoning to solve problems. Beyond Limits has the edge over other competitors in the market because it uses advanced technology developed at Caltech’s Jet Propulsion Laboratory for NASA space missions.
There is a huge worldwide demand for artificial intelligence solutions, and Beyond Limits claims to go beyond conventional AI limits. It aims to create automated solutions with human-like reasoning to amplify the skills of people. Beyond Limits’ cognitive agents are trained and deployed to solve complex industrial and enterprise problems, bringing cognitive advantages to help energy, fintech, healthcare, and logistics companies stay competitive or transform their businesses for the future.