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CORTICAL.IO

Natural language understanding for insurance document automation

Document Management Growth Series A
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Overview

Cortical.io is a natural language understanding (NLU) platform for insurance carriers, MGAs, and reinsurers, automating document-intensive workflows including submissions intake, policy analysis, and quoting. The company is headquartered in Vienna, Austria with offices in New York and San Francisco.

The platform is built on Semantic Folding, a patented technology modeled on how the human brain encodes language. Text is represented as Sparse Distributed Representations (SDRs) -- compact semantic fingerprints -- enabling document extraction and classification without reliance on large training datasets or compute-intensive deep learning models. The flagship product, SemanticPro, applies this approach to extract, classify, and compare insurance documents such as policy forms, submissions, and competitor quotes, reaching 90%+ accuracy with as few as 100 training examples.

Cortical.io raised a USD 6M Series A in September 2021, bringing total disclosed funding to approximately USD 11.1M. Swiss Re is a named strategic partner. The company has been recognized on the InsurTech100 list for three consecutive years through 2024 and joined AIM Global in early 2025.

Products & Services

SemanticPro

An intelligent document processing platform that extracts and analyzes insurance documents based on semantic meaning rather than keyword matching or template rules.

Key Features

  • Automated extraction from policy forms, submissions, and endorsements
  • Competitive policy matching with 94% reported success rate
  • Document similarity scoring for comparison and classification
  • Minimal training data requirement (approximately 100 examples)
  • Language-agnostic processing
  • Business user interface for configuration and review

Target Users: Underwriters, submissions teams, policy operations staff at carriers, MGAs, and reinsurers

Submissions Intake Automation

A workflow module that classifies and routes incoming submission documents, reducing manual triage and data entry.

Key Features

  • Automated document classification
  • Structured data extraction from unstructured submissions
  • Integration into existing underwriting workflows

Target Users: Commercial lines and specialty underwriting teams

Quoting Automation

Accelerates the quoting process by automating competitor policy analysis and comparison.

Key Features

  • Competitor policy ingestion and parsing
  • Feature-level policy comparison
  • Structured output for pricing and coverage gap analysis

Target Users: Product and pricing teams, underwriters

Policy Analysis

Automated policy review and classification with redlining capabilities for policy operations teams.

Key Features

  • Policy provision interpretation using meaning-based processing
  • Automated redlining and comparison
  • Structured output for policy operations workflows

Target Users: Policy operations staff, underwriters

NLP API

A public API at api.cortical.io offering natural language processing capabilities including keyword extraction and text similarity analysis.

Key Features

  • RESTful API access
  • Keyword extraction
  • Semantic similarity scoring

Target Users: Developers integrating NLU into custom insurance applications

At a Glance

Founded
2011
Headquarters
Vienna, Austria
Employees
51-200
Funding
Series A

Category & Focus

Category
Document Management
Subcategories
Intelligent Document Processing NLP/NLU Policy Analysis Submissions Automation
Insurance Verticals
P&C Commercial Specialty/E&S Reinsurance
Target Customers
Carriers, MGAs/MGUs, Reinsurers

Customers

  • Swiss Re (strategic partnership for intelligent document processing)

Links

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Last updated: 2026-05-17