Company Overview
Snapshot
Founded in January 2007 by Igal Raichelgauz, Karina Odinaev, and Yehoshua Y. (Josh) Zeevi, Cortica operates with 11–50 employees. The company has raised $107.9 million across 6 funding rounds from 6 investors. In October 2023, Cortica closed a $40 million Series D extension round.
Business overview
Cortica develops autonomous AI models that utilize unsupervised learning methods to recognize and analyze digital images and video. Its technology, based on research into human brain function, enables machines to perceive and learn similarly to humans. Cortica's offerings are applicable across various industries, including automotive, media, smart city, and medical sectors, operating within the Business Software sector, specifically focusing on IT, R&D, and Data Solutions, with a specialization in Data Architecture.
Strategic signal
In October 2023, Cortica secured a $40 million Series D extension, bringing its total Series D funding to $115 million. This significant capital injection, led by CVS Health Ventures and LRVHealth, signals strong investor confidence in Cortica's autonomous AI technology and its potential for broader application, particularly within the health and automotive sectors. The funding validates the company's strategic direction and provides resources for continued development and market expansion.
Log in to access full profile ›Company Intelligence Q&A
- What was Cortica's most recent funding round?
- In October 2023, Cortica closed a $40 million Series D extension round. This round was led by CVS Health Ventures and LRVHealth.
- Which investors participated in Cortica's Series C round in March 2014?
- In March 2014, Horizons Ventures and Ynon Kreiz participated in Cortica's Series C funding round.
- What was a notable partnership for Cortica in 2021?
- In November 2021, Cortica partnered with Johnson Electric to launch an $8.5 million autonomous inspection startup.
- What was Cortica's involvement with Toyota?
- In February 2019, Toyota teamed with Cortica to develop autonomous car technology.
- What recognition did Cortica receive at the 2018 New York International Auto Show?
- In April 2018, Cortica won the "Emerging Tech Fastpitch" at the 2018 New York International Auto Show.