Dr. Rainer Kegel has taken over the position of CEO at Cortical.io. He joins from Wiener Stadtwerke, where he served as CIO for several years and initiated the IoT and Data Science programs. At Cortical.io, Dr. Rainer Kegel will be responsible for the strategic development of the company.
Cortical.io, a provider of AI-based solutions, including SemanticPro, its Intelligent Document Processing (IDP) solution, announced February 15 that Dr. Rainer Kegel has joined the company as its new CEO, starting January 2, 2023. In the coming months, Cortical.io plans to launch new sales initiatives in Europe and particularly in the DACH region.
Dr. Rainer Kegel explained his motives for joining Cortical.io as new CEO: “Data science is an absolute future topic. It is still barely integrated into corporate processes, so I see enormous growth potential. Cortical.io has developed an AI system that helps companies make labor-intensive, document-centric processes more efficient. In many organizations, documents are still reviewed and processed manually because no software is able to handle the intricacies of human language. When thousands of documents are involved, this tedious, error-prone work ties up too many human resources. Cortical.io solutions understand the meaning of text, a capability that enables the automation of new enterprise workflows.”
Francisco Webber, co-founder of Cortical.io, who will lead a second strategic initiative to adapt the company’s product for the SaaS market and make its functionalities available as APIs, commented: “I am looking forward to working with Rainer Kegel. His expertise in the strategic area and his extensive network in Europe will help Cortical.io to take the next big step.”
Last fall, Cortical.io was recognized in FinTech Global’s InsurTech100 report for its “approach to Intelligent Document Processing that opens up entirely new opportunities for insurers to differentiate themselves from their competitors in the race for digitization.”
Vienna-headquartered Cortical.io delivers AI-based solutions that help enterprises unlock the value of unstructured text by leveraging a game-changing approach to Natural Language Understanding. SemanticPro, its Intelligent Document Processing (IDP) solution, accurately extracts, analyzes and classifies information based on meaning.
The full press release can be found here.
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