South African AI Start-Up, Cortex Logic, Gets Investment To Expand Beyond Africa

"Every sector of commerce will be impacted by AI and we are now attracting interest from Europe and USA, so this is just a natural step in our growth plan."

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AI(Artificial Intelligence) concept. deep learning. metamorworks / Shutterstock.com
AI(Artificial Intelligence) concept. deep learning. metamorworks / Shutterstock.com

South African based Artificial Intelligence Software & Solutions provider Cortex Logic secures growth investment to expand it’s reach to new clients in Europe & USA.

Cortex Logic is an African Artificial Intelligence (AI) software and solutions company that helps businesses solve complex business problems using the power of AI.

“The investment is a great endorsement not only of our team, products and growth strategy but also an acknowledgement the reality that enterprises around the world are now deploying artificial intelligence powered solutions to secure a competitive advantage – this cannot the ignored,” Cortex Logic Founder and CEO Dr Jacques Ludik said.

“Operationalisation of real-world Artificial Intelligence / IR4.0 technologies are now firmly on every executive scorecard either at the piloting phase or in production and deployment.”

Cortex Logic Founder and CEO Dr Jacques Ludik
Cortex Logic Founder and CEO Dr Jacques Ludik

Cortex Logic leverages their unique AI Engine for Business that solves strategic and operationally relevant problems by mobilising Data Science, Internet of Things (IoT) and Big Data & Analytics.

“We have already established Cortex Logic here in South Africa and our expansion plans not only encompass Africa but also UK and USA.  We have a range of artificial intelligence based business technologies, platforms and services.,” Ludik stated.

“We are consulting with and supporting some of the most prominent brands in SA of which a number are JSE listed and global businesses in a range of sectors, from mining to banking, health to insurance and communications to retail.  Every sector of commerce will be impacted by AI and we are now attracting interest from Europe and USA, so this is just a natural step in our growth plan.”

He added that the investment allows the company to on-board more staff and grow its operation.

“We are currently recruiting for data scientists, developers and analysts with experience in machine learning, deep learning and complex solution development.  Housing our core team in our new Cape Town Office HQ means we have a great working environment to offer new staff allied to an excellent talent pool for growth.”

Armed with a PhD in Computer Science (AI) and more than 25 years’ experience in AI and data science, Ludik is a veteran at developing AI solutions for a range of industries. He was the vice president of data science and chief data officer at JUMO, a FinTech company that specialises in social impact products and landed a $52-million investment from banking giant Goldman Sachs to fuel its international expansion.

One of his other companies, CSense Systems, which provides AI software, services and solutions in finance, mining, chemical and manufacturing sectors, was started CSense with Mark Shuttleworth via HBD later as one of the investors. A decade later, it was sold to GE.

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