Cortica

Cortica In Every Image

Cortica is a Israel-based company using machine learning techniques (particularly deep learning) to improve image recognition and analysis in order to show better advertisements alongside videos.[1][2][3]

History

Cortica raised $7 million in its Series A funding round, announced in August 2012. Investors included Horizons Ventures (the investment firm of Hong Kong billionaire Li Ka-Shing), and Ynon Kreiz, the former chairman and CEO of the Endemol Group. Kreiz would also be joining Cortica as Chairman.[1][4]

In May 2013, it was announced that Cortica had raised $1.5 million from Russian firm Mail.ru Group.[5][3] It later transpired that this was a part of Cortica's Series B funding round for $6.4 million, announced in June 2013. The round was led by Horizons Ventures, with participation from the Russian firm Mail.ru Group and other angel investors.[2][6] In its fourth funding round, Cortica has raised $20 million, bringing the total investments to $38 million.[7] According to a report from The Israeli lead Daily economic newspaper, TheMarker, the fourth round was led by a strategic Chinese investor who will probably help the company expand into the Asian market.[8]

Media coverage

GigaOm listed Cortica as one of the top deep learning startups in a November 2013 article surveying the field, along with AlchemyAPI, Ersatz, and Semantria.[9]

References

  1. 1 2 Ha, Anthony (August 2, 2012). "In-Image Ad Startup Cortica Raises $7M From Li Ka-Shing’s Horizons Ventures And Ynon Kreiz". TechCrunch. Retrieved February 11, 2014.
  2. 1 2 "Cortica Raises $6.4M To Improve Visual Search And In-Image Ads". TechCrunch. June 19, 2013. Retrieved February 11, 2014.
  3. 1 2 Yeung, Ken (May 28, 2013). "Israel-based Cortica raises $1.5M from Mail.Ru to fund its Image2Text visual search technology". The Next Web. Retrieved February 11, 2014.
  4. ↑ Grant, Rebecca (August 2, 2012). "Cortica gets $7M to endow computers with the power of sight". VentureBeat. Retrieved February 11, 2014.
  5. ↑ Ludwig, Sean (May 28, 2013). "Image recognition startup Cortica nabs $1.5M from Russian tech leader Mail.Ru". VentureBeat. Retrieved February 11, 2014.
  6. ↑ Koetsier, John (June 19, 2013). "FABulous funding Wednesday: From gay social network to billion-dollar design store". VentureBeat. Retrieved February 11, 2014.
  7. ↑ Henn, Idan (March 10, 2014). "Cortica raises $20M in fourth round funding". geektime. Retrieved April 24, 2014.
  8. ↑ Hirschauge, Orr (March 11, 2014). "Cortica raises $20m from Chinese investors". TheMarker. Retrieved April 24, 2014.
  9. ↑ Harris, Derrick (November 1, 2013). "The Gigaom guide to deep learning: Who’s doing it, and why it matters". GigaOm. Retrieved February 11, 2014.

External links

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