Cortica, a company developing image recognition technology to improve ads, just announced that it has raised $7 million in new funding. The money comes from Horizons Ventures, the firm owned by Hong Kong billionaire Li Ka-Shing, and from Ynon Kreiz, the former chairman and CEO of the Endemol Group, which claims to the world's largest independent TV production company. Kreiz is also joining Cortica as chairman.Source: http://feedproxy.google.com/~r/Techcrunch/~3/CMcaTcxdCkI/
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