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Foley Represents Cortical Ventures as Lead Investor in Seed Funding Round for Spear AI

Foley & Lardner LLP represented Cortical Ventures as the lead investor in the Series Seed Preferred Stock financing of Spear AI, a leading developer of maritime artificial intelligence solutions. Cortical Ventures was joined by additional investor STB Fund VI.

Spear AI provides an integrated suite of solutions and services that combine cutting-edge software, modular sensors, and highly specialized engineering expertise. In addition to its flagship Horizon platform, which manages and labels acoustic data for AI development, Spear AI offers subject matter and technical expert support services to design, implement, and operationalize AI pipelines and data infrastructure. 

The funding will support the expansion of Spear AI’s product portfolio, scaling of its Horizon platform, and the growth of its specialized maritime sensor capabilities, while also broadening its subject matter and technical expert services in applied data and AI.

Cortical Ventures is a venture capital firm focused on helping entrepreneurs who are building the next generation AI companies. Cortical Ventures was started to invent, incubate, and invest in the companies leading the AI revolution, and it is backed by leading VC firms and partners, AI luminaries, and top founders and operators in the industry.

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AUTHOR(S):

Louis Lehot

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