Argentine artificial intelligence startup COR has raised US$30 million in a growth investment round led by global equity firm FTV Capital. The company, which initially received early-stage backing from MercadoLibre founder Marcos Galperin, builds software designed to improve the profitability and operational efficiency of agencies and consultancies globally.
Here is the math.
The Bottom Line
- The Capital Injection: COR secured US$30 million in funding led by FTV Capital to accelerate its international expansion.
- Foundational Backing: The startup counts MercadoLibre founder Marcos Galperin among its earliest investors from its launch phase.
- Core Offering: COR deploys proprietary artificial intelligence algorithms to optimize project profitability, resource allocation, and workflow management for professional services firms.
Scaling Vertical AI Beyond the Region
Founded to solve the persistent profit leakage plaguing creative agencies, marketing firms, and consultancies, COR automates project tracking and labor allocation using machine learning. According to reporting by La Nación, the fresh capital from FTV Capital will allow the company to scale its operational footprint deeper into North America and other core international markets.
The firm’s early capitalization included notable regional tech figures, most prominently Marcos Galperin, whose foundational investment signaled early confidence in the software’s scalability.
| Metric | Details |
|---|---|
| Funding Secured | US$30 Million |
| Lead Investor | FTV Capital |
| Early Investor | Marcos Galperin |
| Target Market | Agencies and Consultancies |
| Core Technology | Artificial Intelligence / Workflow Automation |
Market Positioning and Enterprise Demand
COR targets this friction directly.
According to coverage by Yahoo Finance, this latest funding round places COR in a stronger competitive tier against legacy project management tools that lack native, automated predictive analytics.
Future Growth Trajectory
With FTV Capital now on the cap table, COR enters its next operational phase with the balance sheet strength required to accelerate sales cycles abroad.
