About Cortical Labs
Cortical Labs is a company based in Melbourne (Australia) founded in 2019 by Andy Kitchen and Hon Weng Chong.. Cortical Labs has raised $11.62 million across 2 funding rounds from investors including Horizons Ventures, Blackbird Ventures and Life Extension Ventures. Cortical Labs offers products and services including CL1 and Cortical Cloud. Cortical Labs operates in a competitive market with competitors including Ceribell, INBRAIN Neuroelectronics, BioSerenity, BrainScope and Mynd Analytics, among others.
- Headquarter Melbourne, Australia
- Founders Andy Kitchen, Hon Weng Chong
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Sectors
TechnologyHealthcare
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Email
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Phone
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Website
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Social
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- Legal Name Cortical Labs Pte Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.62 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Series A
Apr 19, 2023
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Investors
Horizons Ventures
& 8 more
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Employee Count
Employee Count
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Products & Services of Cortical Labs
Cortical Labs offers a comprehensive portfolio of products and services, including CL1 and Cortical Cloud. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Hardware for deploying code to lab-grown neurons on chips.
Platform for biological computing without specialized labs.
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Funding Insights of Cortical Labs
Cortical Labs has successfully raised a total of $11.62M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $10.0M
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First Round
First Round
(01 Jun 2019)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series A - Cortical Labs | Valuation | Horizons Ventures | |
| Jun, 2019 | Amount | Seed - Cortical Labs | Valuation | Blackbird Ventures , January Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cortical Labs
Cortical Labs has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Horizons Ventures, Blackbird Ventures and Life Extension Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Horizons Ventures is focused on investing in deep science and technology.
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Founded Year | Domain | Location | |
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Investments are made in seed, early, and later-stage tech companies.
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Founded Year | Domain | Location | |
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Venture capital firm focused on tech sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cortical Labs
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cortical Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cortical Labs Comparisons
Competitors of Cortical Labs
Cortical Labs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ceribell, INBRAIN Neuroelectronics, BioSerenity, BrainScope and Mynd Analytics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Portable EEG devices for point-of-care seizure diagnosis are provided.
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| domain | founded_year | HQ Location |
AI-based neuroelectronic devices for brain disorder detection are developed.
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| domain | founded_year | HQ Location |
Provider of smart healthcare solutions for sleep and EEG lab management
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| domain | founded_year | HQ Location |
Developer of AI-driven EEG platform transforming brain electrical activity into insights
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| domain | founded_year | HQ Location |
Provider of reference data and analytic tools for clinicians and researchers in psychiatry.
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| domain | founded_year | HQ Location |
AI-based EEG analysis is provided for healthcare providers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cortical Labs
Frequently Asked Questions about Cortical Labs
When was Cortical Labs founded?
Cortical Labs was founded in 2019.
Where is Cortical Labs located?
Cortical Labs is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Who is the current CEO of Cortical Labs?
Hon Weng Chong is the current CEO of Cortical Labs. They have also founded this company.
Is Cortical Labs a funded company?
Cortical Labs is a funded company, having raised a total of $11.62M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.62M, raised on Jun 01, 2019.
What does Cortical Labs do?
Founded in 2019 and based in Melbourne, Australia, Cortical Labs operates in the biotechnology and computing sector. Biological computer chips are designed and developed to combine biological neurons with traditional silicon components. Neural networks are supported, along with scalability, energy efficiency, and robustness. Operations focus on advancing hybrid computing solutions for various applications.
Who are the top competitors of Cortical Labs?
Cortical Labs's top competitors include Ceribell, INBRAIN Neuroelectronics and BrainScope.
What products or services does Cortical Labs offer?
Cortical Labs offers CL1 and Cortical Cloud.
Who are Cortical Labs's investors?
Cortical Labs has 9 investors. Key investors include Horizons Ventures, Blackbird Ventures, Life Extension Ventures, Radar Ventures, and In-Q-Tel.