Numenta and Cortical.io Form Strategic Partnership

14 May 2015

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.