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, with participation from CVS Health Ventures and LRVHealth.
Business overview
Cortica develops autonomous AI models that utilize unsupervised learning methods to recognize and analyze digital images and video. Its technology is based on research into the function of the human brain. The company's offerings are applied across various industries, including automotive, media, smart city, and medical sectors, positioning it within the Business Software sector, specifically focusing on IT, R&D, and Data Solutions.
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 infusion, led by strategic investors like CVS Health Ventures and LRVHealth, signals strong investor confidence in Cortica's autonomous AI technology and its potential applications, particularly in health-related fields, expanding beyond its traditional automotive and media focus.
Log in to access full profile ›Company Intelligence Q&A
- What was Cortica's most recent funding activity?
- In October 2023, Cortica closed a $40 million Series D extension round. This funding saw participation from CVS Health Ventures and LRVHealth.
- Which investors participated in Cortica's Series D extension round?
- The Series D extension round in October 2023 included investments from CVS Health Ventures and LRVHealth.
- What was the total capital raised by Cortica?
- Cortica has raised a total of $107.9 million across 6 funding rounds.
- When was Cortica founded and by whom?
- Cortica was founded in January 2007 by Igal Raichelgauz, Karina Odinaev, and Yehoshua Y. (Josh) Zeevi.
- Has Cortica been involved in any strategic partnerships recently?
- In November 2021, Cortica and Johnson Electric launched an $8.5 million autonomous inspection startup, indicating a strategic move into new application areas for its AI technology.