GFT Ventures Leads a $10 Million Investment in Qortex to Fuel the Intelligent Video Analytics Leader
NEW YORK, Nov. 20, 2023 /PRNewswire-PRWeb/ -- Qortex, an Intelligent Video Analytics (IVA) company brands and enterprises use to turn video content into meaningful and enriching experiences that drive business outcomes, today announced it has raised $10 million in a round led by GFT Ventures along with other investors including Silicon Road Ventures. The company plans to use the funds to expand its talent and technology in support of client and market demand.
- The company plans to use the funds to expand its talent and technology in support of client and market demand.
- "With IVA we can deeply understand the actions, events, feelings, products and more within the video.
- We aim to create something entirely new that allows anyone in media, advertising and entertainment to harness content and leapfrog its competitors using AI."
- - Zack Rosenberg, CEO of Qortex
IVA technology allows for monitoring and analyzing a large volume of video and transforming that input into intelligent data for quick decision making.