South African AI startup Cortex Logic has raised funding as it gears up to expand into Europe and the United States (US). Cortex Logic, which was founded in 2015, help businesses solve strategic and operationally relevant problems by mobilizing data science, the Internet of Things (IoT), and big data analytics via its AI Engine.
Several South African brands and global businesses are using the brand to establish their strategies. The funding, which as of the moment of writing remains undisclosed, will be used to expand the companies operations overseas.
Cortex Logic founder and CEO, Dr. Jacques Ludik said, “Every sector of commerce will be impacted by AI and we are now attracting interest from Europe and the US, so this is just a natural step in our growth plan.”
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“The investment is a great endorsement not only of our team, products and growth strategy, but also an acknowledgement of the reality that enterprises around the world are now deploying artificial intelligence powered solutions to secure a competitive advantage.”
Cortex Logic will use the investment to on-board more staff. It is currently recruiting data scientists, developers and analysts with experience in machine learning, deep learning and complex solution development. “Housing our core team in our new Cape Town Office HQ means we have a great working environment to offer new staff allied to an excellent talent pool for growth,” said Ludik.
