Qortex, a New York-based video analytics platform, has raised $10 million in Seed+ funding.
SaaS Investors
The round was led by GFT Ventures, with participation from Silicon Road Ventures and other investors.
Founded in 2021, GFT Ventures is a venture capital firm based in Palo Alto, California, that invests primarily in the US and Israel. The firm prefers to invest in seed-stage, early-stage, and later-stage companies.
Qortex Use of Funds
The company will use the funding to expand its talent and technology to meet client and market demand.
About Qortex
Founded by Zack Rosenberg and James Altschuler, Qortex offers Intelligent Video Analytics (IVA) technology using AI to search, categorize, correlate, and curate video "moments" at scale. The platform's "Moments Marketing" capabilities allow advertisers, brands, and publishers to deliver video ads at the right moment within content, providing high-impact results. Today, hundreds of companies are utilizing Qortex.
Funding Details
Company: Qortex, Inc.
Raised: $10.0M
Round: Seed+ Round
Funding Month: December 2023
Lead Investors: GFT Ventures
Additional Investors: Silicon Road Ventures
Company Website: https://www.qortex.ai/
Software Category: Advertising
Source: https://alleywatch.com/2023/12/qortex-video-analytics-platform-adtech-highest-impact-placement-zack-rosenberg/