Cortical.io

Cortical.io is an Austrian artificial intelligence company founded in 2011 that specializes in natural language understanding (NLU) solutions. The company's patented Semantic Folding technology, inspired by neuroscience and the workings of the human brain, enables efficient processing of unstructured text across multiple languages. Cortical.io's approach differs from traditional machine learning methods by mimicking biological processes rather than relying on mathematical models.

The company's flagship product, SemanticPro, is an intelligent document processing solution that extracts, analyzes, and classifies information from various types of unstructured documents, including contracts, emails, and message streams. SemanticPro can be customized to specific use cases with minimal training data, offering higher accuracy and faster deployment compared to conventional NLU systems. Cortical.io's technology requires less computing power than deep learning approaches, contributing to a lower carbon footprint for IT operations.

Cortical.io offers two main products: Contract Intelligence and Message Intelligence. Contract Intelligence automatically identifies clauses and provisions within documents, while Message Intelligence processes large volumes of emails and social media posts to prioritize opportunities and manage risk and compliance. The company's solutions have been implemented across various industries, including finance, healthcare, and legal services.

In March 2021, Cortical.io secured EUR 7.5 million in funding from the European Investment Bank to support its research and development efforts and operational growth. The company maintains offices in Vienna, Austria, and the US (New York and San Francisco).