Mail.Ru Group, a Russia-based internet services provider listed in the UK, has made a $1.5m corporate venturing investment in Israel-based Cortica, which looks at images and videos through its Image2Text technology.
Mail.Ru’s investment is a part of the larger round of undisclosed size and the company’s other investors include Horizons Ventures, Li Ka Shing’s family office, and angel investor Ynon Kreiz, who serves as Cortica’s chairman.
Mor Yegerman, head of international mergers and acquisitions at Mail.Ru, said: ““Cortica’s breakthrough technology…
