Overview

Cortex operates as an internal developer portal that aims to improve the efficiency and quality of software engineering. It provides tools for automatic cataloging, continuous assessment, and reliable software deployment, which help software development teams manage and enhance their codebases. Clients like Docker, TripAdvisor, and Confluent benefit from Cortex's streamlined approach, which focuses on automation and ongoing improvement. This platform is different from competitors because it emphasizes a subscription-based model, allowing organizations to maintain high standards in software development while reducing time-to-market and operational costs.

Simplify's Take

What believers are saying

• Cortex raised $60 million in Series C funding for further development and expansion.
• Recognition with the 2023 Technology Innovation Leadership Award boosts Cortex's industry reputation.
• Acquisition by Boston Scientific could open new opportunities in healthcare technology.

What critics are saying

• Increased competition from other internal developer portals may impact Cortex's market share.
• Boston Scientific acquisition may lead to strategic shifts affecting Cortex's business model.
• High valuation and funding may pressure Cortex for rapid growth, risking long-term stability.

What makes Cortex unique

• Cortex offers a leading internal developer portal for enhanced engineering efficiency and quality.
• The platform supports microservices and containerized development, providing a competitive edge.
• Cortex integrates natively with GitLab, enhancing source code management for developers.

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Funding

Total Funding

$109.6M

Meets

Industry Average

Funded Over

4 Rounds

Notable Investors:

Y CombinatorTiger GlobalCraft Ventures

Notable Investors:

Y CombinatorTiger GlobalCraft Ventures

$60,000,000

Series C

Sep 2024

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Above Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$60M

$62M

$100M

View all funding stages