Cortical.io, a Vienna, Austria, and NYC- and San Francisco, CA-based provider of solutions that classify, extract and search information within unstructured documents, raised $6 million in Series A funding.
The round was led by Ezpada, a global commodity trading house.
The company intends to use the funds to continue to expand operations and its business reach.
Company: Cortical.io AG
Raised: $6.0M
Round: Series A
Funding Month: September 2021
Lead Investors: Ezpada
Additional Investors:
Company Website: http://www.cortical.io/
Software Category: Enterprise
About the Company: Cortical.io leverages patented artificial intelligence (AI)-based natural language understanding (NLU) technology based on semantic folding and neuroscience to provide business solutions that accurately classify, extract and search information within unstructured documents. Fortune 500 businesses in segments including contract analysis, message intelligence, and intelligent document processing (IDP) are using the company’s solutions to solve business problems with complex NLU challenges without the need for in-house AI experience.
Source: https://www.finsmes.com/2021/09/cortical-io-raises-6m-in-series-a-funding.html