Cortex

Early Stage

AI-powered visual analytics that helps marketers make better creative choices

Analytics

Raised to Date: Raised: $615,846

Aggregate Commitments $

Platform

Republic

Start Date

11/05/2021

Close Date

02/22/2022

Min. Goal

$25,000

Max. Goal

$3,930,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$20,000,000

Discount Rate

15%

Rolling Commitments $

Status

Active

Reporting Date

11/28/2021

Days Remaining

86

% of Min. Goal

2,463%

% of Max. Goal

16%

Likelihood of Max
unlikely
Avg. Daily Raise

$26,776

Momentum
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Location

Boston, Massachusetts

Industry

Marketing & Advertising

Tech Sector

AdTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

High Growth

Cortex, with a valuation of $20 million, is raising funds on Republic. The company has developed an AI-powered platform for creative testing. The platform tells advertisers what content will work and why and helps them save billions of dollars. Cortex has a $300,000 run rate in the third quarter of 2021 and expects to reach a $3 million run rate by the fourth quarter of 2022. Brennan White and Matt Peters founded Cortex in May 2014. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $3,930,000. The campaign proceeds will be used for marketing, expansion of the team, acceleration of data capture, and securing patents.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$505,977

$603,232

COGS

$81,437

$49,419

Tax

$0

$0

 

 

Net Income

$-470,469

$23,674

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$278,126

$48,120

Accounts Receivable

$183,788

$127,212

Total Assets

$463,614

$177,906

Short-Term Debt

$109,733

$33,698

Long-Term Debt

$100,000

$955,231

Total Liabilities

$209,733

$988,929

Financials as of: 11/05/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Cortex 02/22/2022 Republic $20,000,000 $615,846 SAFE Active RegCF
Cortex 03/04/2021 Wefunder $8,420,000 $1,070,000 Equity - Preferred Funded RegCF
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Cortex on Republic 2021
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Platform: Republic
Security Type: SAFE
Valuation: $20,000,000
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