# Cortica

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cortica

- Industry: Biotechnology
- Headquarters: Ramat Gan, Israel
- Website: www.cortica.com
- Total disclosed funding: $20M
- Latest round: Series C (Mar 10, 2014)
- Investors on record: 3

## About

Cortica develops Autonomous AI technologies designed to tackle major challenges in areas such as quality inspection, mobility, security, and medical interventions, enhancing efficiency across various sectors.Founded in 2007 in Ramat Gan, Israel, Cortica specializes in AI-driven solutions. The company has successfully completed 5 funding deals and raised a total of USD 20.00 mn, with the latest funding round being Series C, raising USD 20.00 mn from investors including Horizon Founders Capital, Lanta Digital Ventures, and VKontakte. Key leaders include founders Karina Odinaev and Yehoshua Zeevi, with Neil Hattangadi as the current CEO.Cortica specializes in Autonomous AI technologies addressing challenges in sectors such as quality inspection, mobility, facial recognition, security screening, and medical interventions. Their core offerings include a self-learning AI quality inspection platform by Qualisense that utilizes non-labeled data to detect defective parts, significantly lowering costs and deployment times. Autobrains provides advanced self-learning solutions for autonomous vehicles, enhancing safety and performance. Corsight features high-speed facial recognition technology operational in challenging environments. SeeTrue automates threat detection for security screening, while CORDiguide enhances cardiovascular procedures through image guidance. Corsound offers voice biometrics for authentication in financial and security markets. Their products are primarily implemented in North America, Europe, and parts of Asia, catering to organizations and governments seeking AI-driven operational efficiency.Cortica generates revenue through partnerships with leading global firms, focusing on B2B transactions. Their model often involves customized software solutions with clients entering long-term contracts for deployment and support services. Notably, their collaboration with Johnson Electric for the Qualisense platform likely involves a revenue-sharing arrangement based on performance metrics. Pricing is structured around licensing fees or subscriptions, varying by deployment scale and client needs. Flagship solutions like Autobrains and Corsight’s facial recognition technology are positioned for significant market share, contributing to recurring revenues from established and emerging clients across multiple sectors.Cortica intends to leverage recent funding to expand its product portfolio, focusing on developing new Autonomous AI applications. They are targeting growth in additional markets across Europe and Asia by 2025. The USD 20.00 mn raised in the Series C round will support these initiatives and further enhance their operational capabilities, including advancing their technology solutions and expanding their market reach.

## Funding rounds

- Series C, Mar 10, 2014, $20M — Horizon Founders Capital, VKontakte, Lanta Digital Ventures

## Investors

- Horizon Founders Capital (https://capitalatlas.ai/funds/horizon-founders-capital) — Series C
- VKontakte — Series C
- Lanta Digital Ventures (https://capitalatlas.ai/funds/lanta-digital-ventures) — Series C