Numenta and Cortical.io Form Strategic Partnership

Numenta and Cortical.io Form Strategic Partnership

VIENNA and REDWOOD CITY, California, May 15, 2015 /PRNewswire/ --

    Numenta, Inc., a leader in machine intelligence, and Cortical.io, an innovator in
natural language processing (NLP), are pleased to announce a strategic partnership to
create a new computing approach to understanding text. As part of the strategic
relationship, Cortical.io has taken a broad general license to Numenta's Hierarchical
Temporal Memory (HTM) technology, and Numenta has taken an ownership position in
Cortical.io. The combination of Cortical.io's Semantic Folding technology and Numenta's
HTM technology enables a host of exciting applications that have challenged computer
scientists for decades, including sentiment analysis, automatic summarization, semantic
search, and conversational dialogue systems.

    "Cortical.io's Semantic Folding technology is a clever and elegant way to feed natural
language into our HTM technology," said Jeff Hawkins, founder of Numenta. "Cortical.io
takes advantage of the semantic encoding and predictive modeling of HTM systems in a way
that will lead to significant advances in natural language processing."

    "Natural language understanding is one of the central problems of artificial
intelligence," said Francisco Webber, founder and CEO of Cortical.io. "We aim to build the
next generation of NLP, Language Intelligence, and in so doing, show the path to broadly
applied machine intelligence."

    Building on their existing commercial product, the Retina API, Cortical.io will make
the combined technologies available through their industrial-grade cloud service for
customers ranging from innovative startups to international corporations.

    Numenta, Inc., was founded in 2005 to be a leader in the emerging field of machine
intelligence. Numenta builds technology that helps companies automatically and
intelligently act on machine generated data. Its biologically inspired machine learning
technology is based on a theory of the neocortex first described in co-founder Jeff
Hawkins' book, On Intelligence. Its first commercial product, called Grok
[http://groksolutions.com ], offers a breakthrough solution for anomaly detection for IT
Operations. In addition, Numenta has created NuPIC (Numenta Platform for Intelligent
Computing) as an open source project (http://www.numenta.org ). Numenta is based in
Redwood City, California.

    Headquartered in Vienna, Austria, Cortical.io is a science-based start-up that has
developed a fundamentally new approach to Natural Language Processing (NLP), Semantic
Folding, inspired by the latest findings on the way the human neocortex processes
information. By representing language with highly efficient semantic fingerprints, the
Retina API is the first semantic engine that painlessly handles the avalanche of text data
experienced by global business today - in any language and in real-time. A US subsidiary
has been incorporated recently.

    Numenta Media Contact: Betty Taylor, Krause Taylor Associates:
bettyt@krause-taylor.com

    Cortical.io Media Contact: Marie-Pierre Garnier, mp.garnier@cortical.io, Tel.:
+43-664-263-92-25

cortical.io