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Australia and Singapore AI startup Cortical Labs raises $10m

Funding round led by Hong Kong billionaire Li Ka-shing's Horizons Ventures

Cortical plans to use the funding to accelerate commercialization of its operating system and fulfill preorders. (Source photos by Reuters and screenshot from Cortical Labs and Horizons Ventures)

NAGPUR, India -- Australia- and Singapore-based artificial intelligence startup Cortical Labs has closed a $10 million funding round led by Horizons Ventures, a Hong Kong-based private venture capital company owned by billionaire Li Ka-shing.

Australia-based Blackbird Ventures, early-stage life sciences-focused investor LifeX Ventures, Australia- and New Zealand-based Radar Ventures, and American not-for-profit venture capital company In-Q-Tel participated in the round.

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