Cortica, an Israeli start up that develops image recognition technology, has closed a $7m funding round.
Backers include Horizons Ventures, and newly appointed Chairman Ynon Kreiz.
Founded by Professor Yehoshua (Josh) Zeevi, Karina Odinaev, and engineer Igal Raichelgauz (CEO), Cortica provides a platform that fuses neuroscience with computer science to automatically recognize and interpret large amounts of visual data (photos and video) in real-time including objects, places, faces, logos, brands, events, products, etc.
Following the funding, the company’s commercial team will relocate to the US and will be based in NY with an office in Silicon Valley.
The technology will be firstly applied to advertising, search and image analytics.