Cortical.io is an AI-based startup that focuses on delivering highly efficient solutions for enterprises to unlock the value of unstructured text. Their flagship product, Cortical.io SemanticPro, is an intelligent document processing solution that accurately extracts, analyzes, and classifies information based on meaning, providing the basis for document workflow automation. With over 10 years of expertise in implementing Natural Language Understanding (NLU) solutions in the enterprise, Cortical.io has demonstrated its ability to solve the challenges of language ambiguity and variability across numerous use cases and verticals for Fortune 500 companies. The company, founded in 2011 and headquartered in Austria, operates in the industries of Big Data, Enterprise Software, Information Technology, and Insurtech. In the latest funding round in September 2021, Cortical.io secured a $6.00M Series A investment from Ezpada. This investment not only reflects the confidence of the investor in Cortical.io's potential but also provides the necessary capital for the company to further develop and market its innovative AI-based solutions. With their track record and focused approach to NLU, Cortical.io is well-positioned to continue making an impact in the enterprise AI space and providing valuable solutions for unstructured text processing.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series A | $6.00M | 1 | 14 Sep 2021 | |
Debt Financing | €7.50M | 1 | European Investment Bank | 03 Mar 2021 |
Series A | Unknown | 1 | Xilinx | 02 Oct 2019 |
Venture Round | $1.20M | 3 | REVENTON, Numenta | 15 Mar 2016 |
Venture Round | $1.80M | 2 | REVENTON | 29 Oct 2015 |
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