Cortica Overview
Cortica is the developer of unsupervised learning methods to recognize and analyze digital images and video. The technology developed by the Cortica team is based on research of the function of the human brain. Cortica’s offerings have application in the automotive industry, media industries as well as the smart city and medical industries
Cumulative Funding Raised Over Time ($)
$7.0MAug 2012
$37.0MDec 2016
$41.5MJan 2007
$47.9MJun 2013
$67.9MMar 2014
$107.9MOct 2023
Latest News
growth-positive
Cortica Closes $40 Million Series D Extension Led by CVS Health Ventures, LRVHealth, and Other Strategic Investors, Bringing Round Total to $115 Million
Cortica, a leading US-based autism services company, has raised $40 million in a Series D extension, bringing the total Series D round to $115 million. The funding round was led by CVS Health Ventures, LRVHealth, Ascension Investment Management, and the University of Wisconsin Foundation. The funds will be used to expand access to Corticas whole-child, value-based autism care and invest in technology, data capture, clinical decision support, research, and optimization of the clinician and patient experience.
InvestmentExpand
AI developer Cortica and Johnson Electric launch $8.5 million autonomous inspection startup
Israel's Cortica seeks to nip at Mobileye's heels with brain-mimicking tech
growth-negative
Toyota teams with Israeli co Cortica in race for autonomous car
Mobileye, an Israeli company acquired by Intel for $15.3 billion in 2017, currently holds over 70% of the global market in advanced driver-assistance systems (ADAS). However, Toyota, the worlds largest auto manufacturer, refuses to adopt Mobileyes technology, claiming it can achieve better results independently. Toyota has close ties with a number of Japanese tier-1 suppliers, including Renesas, a huge company known as the worlds largest supplier of microcontrollers. Renesas recently installed an algorithm from Israeli auto-tech company Cortica on a super-chip for an autonomous vehicle as a solution for Level 2 and 3 ADAS autonomous vehicle systems. This could potentially disrupt Mobileyes dominance in the ADAS market.
PartnersAcquisition
growth-positive
Swiss Stock Exchange Operator Partners with AI-Startup to Develop New Services
Zurich-based SIX Group Ltd., which owns and operates the Swiss stock exchange, has signed a memorandum of understanding with Tel Aviv-based artificial intelligence company Cortica Inc. and Hong Kong-based Duotem Capital Ltd. to collaborate on AI-based collateral and cash optimization services. Cortica and Duotem Capital will help SIX identify and evaluate AI-based business opportunities and develop new offerings in the fields of trading pattern recognition, fraud prevention, and machine learning support. SIX will give Cortica access to its historical stock exchange database. Cortica has raised $37.9 million to date from investors including Horizon Ventures, Samsung Ventures, and the Technion-Israel Institute of Technology.
PartnersInvestment
| Sector | Business Software |
Funding
| Total funding | $107.9M |
| Last funding | $40M |
| Stage | D |
| Rounds | 6 |
| Investors | 6 |
Team Members
3
Employees: 11-50
Web & Social Links
| Website | cortica.com |
| Careers | Careers page |
Locations
Montefiore Street 39, Tel Aviv-Yafo, Israel
Nahum Het St 5, Tirat Carmel, Israel
85 Broad Street, New York, NY, USA
Photos & Videos
1 item(s)
Cortica Business
Business models
B2B, B2G
Product stage
Released
Employees
11-50
Sector
Automotive & Mobility TechnologiesAutonomous & ConnectedBusiness SoftwareIT, R&D & Data SolutionsData ArchitectureTarget Customer
Government & CityMunicipalitiesMedia & EntertainmentMediaIndustrial ManufacturingDiscrete IndustriesAutomotiveCore Technology
Artificial IntelligenceComputer VisionTags (19)
deep-neural-networksai-process-optimizationimage-recognitionvisual-searchartificial-intelligenceiotpredictive-analyticsface-recognitiondeep-learningmachine-learningmachine-visionneurosciencecomputer-visionbig-data-analyticsmedical-technologiessmart-mobilityautonomous-vehiclesautomotivenatural-language-processingCortica Financials
$107.9M
Total funding
Undisclosed
Capital raised
$40M
Last funding
D
Funding stage
6
Total rounds
6
Investors
Cumulative Funding Raised Over Time ($)
$7.0MAug 2012
$37.0MDec 2016
$41.5MJan 2007
$47.9MJun 2013
$67.9MMar 2014
$107.9MOct 2023
Private Equity Funding
D Round
Oct 2023
$40M
Ascension Investment Management , LRVHealth, CVS Health Ventures
C Round
Dec 2016
$30M
C Round
Mar 2014
$20M
Mail.Ru Group, Ynon Kreiz, Horizons Ventures
B Round
Jun 2013
$6.4M
Horizons Ventures, Mail.Ru Group
A Round
Aug 2012
$7M
Horizons Ventures, Ynon Kreiz
Seed
Jan 2007
$4.5M
Cortica Lifecycle
Cumulative Funding Raised Over Time
$7.0MAug 2012
$37.0MDec 2016
$41.5MJan 2007
$47.9MJun 2013
$67.9MMar 2014
$107.9MOct 2023
All Events
D Round
Oct 2023
$40M
Ascension Investment Management , LRVHealth, CVS Health Ventures
C Round
Dec 2016
$30M
C Round
Mar 2014
$20M
Mail.Ru Group, Ynon Kreiz, Horizons Ventures
B Round
Jun 2013
$6.4M
Horizons Ventures, Mail.Ru Group
A Round
Aug 2012
$7M
Horizons Ventures, Ynon Kreiz
Seed
Jan 2007
$4.5M
Cortica News
14 articles
growth-positive
Cortica Closes $40 Million Series D Extension Led by CVS Health Ventures, LRVHealth, and Other Strategic Investors, Bringing Round Total to $115 Million
Cortica, a leading US-based autism services company, has raised $40 million in a Series D extension, bringing the total Series D round to $115 million. The funding round was led by CVS Health Ventures, LRVHealth, Ascension Investment Management, and the University of Wisconsin Foundation. The funds will be used to expand access to Corticas whole-child, value-based autism care and invest in technology, data capture, clinical decision support, research, and optimization of the clinician and patient experience.
InvestmentExpand
AI developer Cortica and Johnson Electric launch $8.5 million autonomous inspection startup
Israel's Cortica seeks to nip at Mobileye's heels with brain-mimicking tech
growth-negative
Toyota teams with Israeli co Cortica in race for autonomous car
Mobileye, an Israeli company acquired by Intel for $15.3 billion in 2017, currently holds over 70% of the global market in advanced driver-assistance systems (ADAS). However, Toyota, the worlds largest auto manufacturer, refuses to adopt Mobileyes technology, claiming it can achieve better results independently. Toyota has close ties with a number of Japanese tier-1 suppliers, including Renesas, a huge company known as the worlds largest supplier of microcontrollers. Renesas recently installed an algorithm from Israeli auto-tech company Cortica on a super-chip for an autonomous vehicle as a solution for Level 2 and 3 ADAS autonomous vehicle systems. This could potentially disrupt Mobileyes dominance in the ADAS market.
PartnersAcquisition
growth-positive
Swiss Stock Exchange Operator Partners with AI-Startup to Develop New Services
Zurich-based SIX Group Ltd., which owns and operates the Swiss stock exchange, has signed a memorandum of understanding with Tel Aviv-based artificial intelligence company Cortica Inc. and Hong Kong-based Duotem Capital Ltd. to collaborate on AI-based collateral and cash optimization services. Cortica and Duotem Capital will help SIX identify and evaluate AI-based business opportunities and develop new offerings in the fields of trading pattern recognition, fraud prevention, and machine learning support. SIX will give Cortica access to its historical stock exchange database. Cortica has raised $37.9 million to date from investors including Horizon Ventures, Samsung Ventures, and the Technion-Israel Institute of Technology.
PartnersInvestment
growth-positive
Cortica Wins "Emerging Tech Fastpitch" at 2018 New York International Auto Show
Artificial intelligence software systems company, Cortica, has won the Emerging Tech Fastpitch at the 2018 New York International Auto Show. The event brings together the best of the emerging technology world to showcase solutions to todays mobility and technology challenges. Corticas victory brings it exposure to media, industry experts and potential investors. The companys unique approach to artificial intelligence allows their systems to think closer to the way humans do than any application before, making it the most advanced AI system seen yet.
CustomersPartnersInvestment
Tesla denies Musk in talks with Israeli AI vision firm Cortica
growth-positive
Next Generation AI Enables Machines to Think and Learn Like People
Cortica, an Israeli company founded in 2007, has developed a new form of artificial intelligence (AI) known as Autonomous AI. This technology mimics human cognitive function, enabling machines to think and learn independently. This is a significant departure from the current deep learning approach to AI, which relies on large amounts of annotated data to teach a machine to recognise a set of possibilities and parameters. Corticas approach, inspired by the structures and functions of the cortical network in rats brains, allows machines to learn and comprehend on their own. The company has received over $60 million in funding and holds over 200 patents for its Autonomous AI methods.
InvestmentExpand
growth-positive
Cortica is developing AI for the autonomous car
Israeli company Cortica has developed artificial intelligence (AI) technology with self-learning capability that could be used in autonomous vehicles. The companys technology can independently and rapidly process large amounts of visual information, which is crucial for autonomous vehicles to predict traffic and navigate complex road conditions. Corticas AI technology is already being tested by three major auto industry companies. The company has raised nearly $70 million to date in three rounds, the most recent of which was in December last year, when it raised $30 million.
InvestmentExpand
growth-positive
Cortica teaches autonomous vehicles with unsupervised learning
Cortica is expanding its AI technology into the automotive sector, using unsupervised machine learning to help autonomous vehicles better understand their environment. The system developed by Cortica processes data from vehicle sensors, clusters them, and tags them with predefined metadata. The companys CEO, Igal Raichelgauz, stated that the system can process large volumes of data generated by in-vehicle cameras. The system uses a cloud/local hybrid architecture to manage the data volume, offloading non-vital processing to the cloud to reduce complexity and power consumption.
Expand
growth-positive
Interview: Meet the exciting AI company helping machines 'see' like humans
Tel Aviv-based AI startup Cortica is planning to expand its team and build an AI product solution that can be extended to several industry verticals. The company is working on an unsupervised learning system with a human-level understanding of images. Cortica has dozens of leading AI researchers working at its headquarters and R&D center in Israel, in addition to employing veterans of elite Israeli military intelligence units. The company has raised almost $40 million in funding. Cortica’s vision is to establish a “universal visual index of the world” and to embed its capabilities in all next-generation platforms where understanding images is a critical task.
Expand
growth-positive
Cortica, Numenta Hold Top Patents In Artificial Intelligence
A study of over 1,150 active AI startups has found that only 11% have been granted at least one patent in the United States since 2009. The new wave of AI applications, driven by a combination of big data and processing capabilities, has attracted over $15B in funding to AI startups in the last 5 years. The low patent activity could be due to most companies still being in the early stages of development. Some of the top patent holders in the field include Israel-based image processing startup Cortica, and Numenta, which is working on artificial general intelligence.
Investment
Neutral
Xconomy: Cortica, Clarifai Show AI Isn't Just for Big Companies Like Google
The article is a general description of Informa Connect, a division of Informa PLC. Informa Connect is a specialist in live events and digital content, connecting professionals with knowledge, ideas, and opportunities. The company operates in various sectors including finance, biotech & pharma, agriculture, automotive, education, energy, foodservice, retail & hospitality, healthcare & payer markets, HR, law & regulation, maritime, market research, marketing, sales & communications, media & entertainment, medical devices & diagnostics, security & defence, strategy & innovation, sustainability, technology, and telecoms.
None
Neutral
Cool Vendors in Digital Marketing, 2014
The text is a consent form from Gartner. It asks the reader to agree to provide Gartner with their personal information, which will be transferred outside of mainland China and processed by Gartner group companies and other legitimate processing parties. The reader also agrees to be contacted by Gartner group companies via internet, mobile/telephone, and email for sales, marketing, and research purposes.
None
Cortica Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 29 |
| Team members | 3 |
Similar Companies
Similar companies data is computed dynamically and not stored in the entity profile. This section requires implementing a similarity query (e.g. by classification overlap, sector, district).
This entity has 15 classification IDs that could be used for matching.
Cortica Internal
Recent Updates
No update log entries.
Note: Free-text notes visible in the original Finder "Internal" tab are not present in the imported profile data. Only the update audit log is available.
Admin Info
| Confidence | 101/100 |
| Missing | markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 513975250 |
| Crunchbase | cortica |
| Phone | +97235403239 |
| Creator | Katie Kaplan |
| Creator email | katherinekaplan14@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-03-07T00:00:00.000Z |
| Created | 2014-06-30T00:00:00.000Z |