Exocog Closes Series A Funding
February 10, 2012

Exocog, Incorporated, a developer of corporate and commercial precognitive advisory services, has closed $8.7 million of Series A funding from a syndicate of private individuals, business partners and venture firms. The company will use the new capital for product research and development, and expansion of its executive staff. Exocog is slated to close on $17.7 million more within the next eighteen months, bringing the total capital committed to the company to more than $50 million.

"We see the tremendous opportunity inherent in the reality of precognitive services, and understand the daunting challenges that we face in delivering it," said Peter Glenstone, the company's co-founder, president, and CEO. "Exocog's vision is both simple and powerful. We're solving the key problems of the commercialization of precognition by establishing a highly resilient core ecosystem of precognitives and delivering a diverse array of revenue-generating services based on their unique insights and abilities. The addition of our new investors is a critical validation of our success to date, and of our plans for the future."

"As the complexity of the world increases, corporations will need insights and information that provide a totally reliable view of their plans and strategies," said Peter Matzwell, senior analyst for information technologies at The Prexol Group. "When combined with traditional forecasting techniques, Exocog customers will have an indisputable advantage in corporate planning and execution.