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 event?
- In October 2023, Cortica closed a $40 million Series D extension round. This round was led by CVS Health Ventures and LRVHealth.
- What is Cortica's core technology?
- Cortica's core technology is based on unsupervised learning methods for recognizing and analyzing digital images and video, drawing inspiration from the function of the human brain.
- Has Cortica formed any strategic partnerships in the automotive sector?
- In February 2019, Toyota teamed with Cortica in the race for autonomous car technology. Additionally, in November 2021, Cortica and Johnson Electric launched an $8.5 million autonomous inspection startup.
- Which industries does Cortica's technology serve?
- Cortica's offerings have applications in the automotive industry, media industries, smart city initiatives, and the medical sector.
- What was a notable early recognition for Cortica?
- In April 2014, Cortica was recognized as a 'Cool Vendor in Digital Marketing' by Gartner.