Overview

Cortex is 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 subscription-based services, which generate recurring revenue. The platform stands out by focusing on automation and continuous improvement, 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 $60M in Series C funding, boosting its growth potential.
• Recognition by Frost & Sullivan enhances Cortex's market credibility and client attraction.
• Increased demand for IDPs as companies shift to microservices benefits Cortex.

What critics are saying

• Increased competition from new entrants challenges Cortex's market position.
• Boston Scientific acquisition may impact Cortex's business model and client relationships.
• High valuation may pressure Cortex for rapid growth, affecting long-term stability.

What makes Cortex unique

• Cortex offers a unified platform for tracking and scoring software development.
• Cortex integrates natively with GitLab, enhancing source code management.
• Cortex's IDP reduces 'developer tax' with automated solutions and paved paths to production.

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Funding

Total Funding

$112.7M

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