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Cortex’s deadline was February 23, 2022

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Cortex

Creative testing made simple through an AI-powered platform
B2B SaaS
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$743,339
Raised
1,024
Investors
Successfully funded and closed on February 23, 2022.
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Closed on February 23, 2022. Information may not be up-to-date. Campaign closed on February 23, 2022. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Vision and strategy Funding Founders
About Team

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Cortex Automation, Inc. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Cortex Crowd SAFE Cortex Form C.pdf
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Hear from some of the 1,024 investors in Cortex


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Highlights


$1M+ raised
Company has previously raised over $1M in capital
  • SaaS AI saves billions via more effective advertising images and videos
  • Cortex tells advertisers what content will work and why - before $ is spent
  • Customers include Marriott, L'Oréal, Toyota, Mondelez, Kraft-Heinz & more
  • One of just 10 startups in Techstars Boston 2020 ($100k investment)
  • $300k run rate Q3 '21 | Projected $3M run rate Q4 '22
  • 10% weekly user growth | On track for 5,000 users in 2022
  • Founders are industry experts with a prior Inc. 5000 company

Problem


That’s stuff like photos, videos, animations, graphics, and more.

And in an increasingly visual world, this content plays an outsized role in how consumers interact with brands and make purchasing decisions.

But advertisers only know what's working after they've spent weeks or months and millions of dollars creating content 

If the content works, they don’t know why and can’t replicate the success

If content fails, they’ve wasted months and millions of dollars - and they still don’t know what to change 

This makes advertising a very risky investment and failure is the most common outcome.


Careers are always on the line. 


Solution


Cortex is the SaaS platform advertisers worldwide have been waiting for: clear guidance for what content will perform—and what won’t — before they've started making any content.


Cortex tells advertisers what content to make to achieve success in their campaigns.


Product


Cortex’s unique technology is the only platform that can accurately predict how an audience will react to content, resulting in campaigns that perform over 50% better.


A.I. Breakthrough:
Insights delivered before time or money is spent



A Totally New Scale:
Cortex analyzes more visual content every 12 hours than an advertiser will in their entire career


AI makes superior content at scale possible. Quality no longer needs to be sacrificed just because there’s a demand for quantity.

How Customers Use Cortex

Traction



85 new users in the first six weeks


10% weekly user growth


Scalable user acquisition—
less than $400 to acquire a new user


$300,000 run rate Q3 2021

$3,000,000 projected run rate Q4 2022



5000+ users
projected in the next 12 months


Customers


Advertisers around the globe use Cortex to improve their creative content and create more successful campaigns for some of the worlds most iconic brands.

Business model


Our team has developed a robust business model to scale effectively year over year:


True SaaS self sign-up model
with prices that fit every advertiser


Premium add ons for video + custom data;
also increases stickiness


Multiple teams mean multiple subscriptions
per company


Prices validated by global brands and agencies



Market


Until Cortex, there has been no technology focused on improving visuals, which are the backbone of so much of today's advertising, marketing, and packaging.

This is why Cortex is poised to dominate by bringing a much-needed solution to a $600B (and growing) market.

Vision and strategy


We have a clear vision of both the market's needs and how our solution can be deployed at advertisers of all sizes. This funding empowers us to achieve the following and position Cortex for a successful Series A in 18 months.

Use of Funds


Fund advertising, marketing, and
growth operations to scale


Expand team capacity for future growth


Accelerate the rate of data capture to sustain our moat


Secure patents on novel video-focused tech

Funding


We’re proud that Cortex is a clear investor favorite, with millions previously raised from over a thousand individual investors. Cortex’s first equity crowdfunding campaign ended in February 2021 with massive success and an oversubscribed investor list.

Founders


Cortex founders Brennan and Matt are marketers-turned-entrepreneurs who started a successful content marketing agency for Fortune 500 brands. With $10MM in annual revenue, the agency was an Inc 5000 company multiple years running.


Brennan White

CEO

A startup guy since college, Brennan started in sales at other people’s startups before starting two of his own. His first startup created content for the world’s best brands and grew fast enough to be a member of the Inc 5000.


Matt Peters

CCO

Subject matter expert. 15 years as a Creative Director working with marketing leaders at brands like Marriott, Dunkin' Donuts, Sonic, & Puma. Built a successful content agency with two years on the INC 5000. Angel investor.

Deal terms


Valuation cap
$18M $20M
The maximum valuation at which your investment converts into equity shares or cash.
Learn more.
Discount
15%
If a trigger event for Cortex occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.
Funding range
$25K / $3.93M
100% of $25K minimum offering amount has been reached.

Cortex needs to raise $25K before the deadline. The maximum amount Cortex is willing to raise is $3.93M.
Learn more
Security type
Crowd SAFE
A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event.
Learn more
Allocation
$3.93M
The total investment amount in Cortex being offered to investors in the Deal Room.
Minimum investment
$100
The smallest investment amount that Cortex is accepting.
Learn more
Maximum investment
$500K
The largest investment amount that Cortex is accepting.
Learn more
Deadline
February 23, 2022
Cortex needs to reach their minimum funding goal before the deadline ().If they don’t, all investments will be refunded.
Learn more
Logo of Cortex
Cortex
Creative testing made simple through an AI-powered platform
Raised amount Valuation cap
0 — $750,000 $18M
$750,000.01 — $3,930,000 $20M
Close
How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Cortex Automation, Inc. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Cortex Crowd SAFE Cortex Form C.pdf

About Cortex

Legal Name
Cortex Automation, Inc
Founded
May 2014
Form
Delaware Corporation
Employees
7
Website
meetcortex.com
Social Media
Headquarters
Google Map location of of Cortex
791 Tremont St Unit W516 , Boston, MA
Headquarters
791 Tremont St, Unit W516, Boston, MA, United States 02118

Cortex Team
Everyone helping build Cortex, not limited to employees

Profile picture of Dimitry Kudryavtsev
Dimitry Kudryavtsev
VP of Engineering
Experience building tech teams & culture in a startup environment. Tech-leader of multiple R&D projects that applied computer intelligence technologies to develop mission-relevant tools for DoD.
Profile picture of Dung Phan
Dung Phan
Data Scientist
Specialized data scientist. Received Ph.D. degree in Computer Science from the University of Massachusetts Boston. Published 15+ papers in the field of multiobjective optimization and machine learning.
Profile picture of Adam Krapish
Adam Krapish
Head of Product
An accomplished startup leader who has excelled at building teams and taking businesses from concept to exit. Over 15 years building marketing software used by some of the largest brands in the world such as Cisco, VMWare, & Intel.
Profile picture of Shayla Merrill
Shayla Merrill
UI/UX Designer
Built Cortex studio’s UI/UX from the ground up. With a bachelor degree in interactive design from Lesley University, she specializes in creating clean UI design with a unique customer understanding due to years of past graphic design experience.
Profile picture of Herman Uscategui
Herman Uscategui
SVP, Strategic Ventures
Led Starbucks to develop global alliances, new markets development across four continents. MA in engineering Saitama University, PhD scholar, University of Tokyo. Master’s in economics from Temple University Japan and fluent in several languages.
Profile picture of Brian Denenberg
Brian Denenberg
Advisor
Leading sales mentor and developer of the Agile Sales Method. Helps companies build scalable growth engines. Prior to developing the Agile Sales MethodTM, Brian was CEO of BDMG, which created leading interactive media services across Southeast Asia.
Profile picture of Courtney Hanna
Courtney Hanna
QA
Profile picture of Tung Tuan
Tung Tuan
Software Engineer
Profile picture of Nguyen Viet Thinh
Nguyen Viet Thinh
Software Engineer
Profile picture of Hoang Tran
Hoang Tran
Software Engineer
Profile picture of Kien Lo
Kien Lo
Software Engineer
8 more team members
Dimitry Kudryavtsev
VP of Engineering
Courtney Hanna
QA
Tung Tuan
Software Engineer
Dung Phan
Data Scientist
Nguyen Viet Thinh
Software Engineer
Adam Krapish
Head of Product
Hoang Tran
Software Engineer
Shayla Merrill
UI/UX Designer
Kien Lo
Software Engineer
Herman Uscategui
SVP, Strategic Ventures
Brian Denenberg
Advisor
Logo of Cortex

Cortex

Cortex successfully raised $743,339 from 1024 investors on February 23, 2022
Profile picture of Eric Richardson
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Profile picture of Emiliano Aguilar
Eric, Matthew, Robert, Scott, Emiliano, and 1019 others invested. 198 Reviews
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