Cortex

AI-powered visual analytics that helps marketers make better creative choices
Analytics
Raised to Date: $1,070,000
Aggregate Commitments $
Wefunder
12/08/2020
04/30/2021
$250,000
$1,069,999
$250
Equity - Preferred
RegCF
Pre-Seed
$8,420,000
Weekly Commitments $
Active
02/28/2021
59
428%
100%
$13,049
1,264
Boston, Massachusetts
Marketing & Advertising
AdTech
B2B
High
Low
Cortex, with a pre-money valuation of $8.42 million, is raising funds on Wefunder. The company has developed a SaaS platform that helps marketers understand what images and videos to make, how to make them, and how to promote them within marketing budgets. The platform uses machine learning to predict the performance of these images and videos. Brennan White and Matt Peters founded Cortex in 2014 and have raised over $1.4 million in previous rounds of financing. The current crowdfunding round has a minimum goal of $250,000 and a maximum goal of $1,069,999, and the proceeds will be used towards product and engineering, sales and growth, marketing and advertising, and operations. Cortex has best in class customers, including Marriott, Toyota, Oreo, and L’Oreal.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$603,432 |
$432,330 |
COGS |
$38,579 |
$15,159 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$18,248 |
$-327,780 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$48,120 |
$89,708 |
Accounts Receivable |
$127,212 |
$40,250 |
Total Assets |
$293,106 |
$249,664 |
Short-Term Debt |
$958,044 |
$333,638 |
Long-Term Debt |
$100,832 |
$0 |
Total Liabilities |
$1,058,876 |
$1,038,042 |
Analyst Report
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