Fast 50 2017: Is Austin AI startup SparkCognition poised to lead the unicorns?

Trung Nguyen

 

Some CEOs shy away from talk about growing their company to over $1 billion in valuation and attaining the much-heralded “unicorn” status that business watchers love to idolize.
Amir Husain doesn’t deflect the question when the topic turns to his artificial intelligence company SparkCognition Inc., which has more than doubled revenue since coming out of stealth mode in 2014 and shows no signs of slowing down anytime soon.

So when the company’s CEO and founder said he doesn’t think about the $1 billion threshold, it’s because he sees it dead set on a course for multiple billions in value in the next five to 10 years. He wants a whole herd of unicorns with the SparkCognition logo branded on them.
“I’ve built this to grow it into a gigantic company and all we’re worried about is building the absolute best product we can while increasing our penetration into key areas,” Husain said by phone recently. “So the goal is far more than just $1 billion in value.”

SparkCognition’s aggressive growth makes it No. 1 on ABJ’s 2017 Fast 50 ranking for companies with less than $10 million in annual revenue.
Husain’s ambition is driven by his belief in his company’s offerings, that use artificial intelligence learning to help customers in the finance, defense, tech, consumer products and energy sectors anticipate trends in their field and plan proactively to prepare for unexpected events.

Continue reading the full article at Austin Business Journal.

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