COR Raises $30M From FTV Capital For AI Expansion

COR, an Argentinian software provider focused on streamlining back-office functions for professional services firms, has successfully closed a $30 million funding round. The investment was spearheaded by prominent venture capital firm FTV Capital, signaling strong confidence in COR's growth trajectory and its innovative approach to operational efficiency.

As part of this significant capital infusion, Alex Malvone and Tommy Tighe, partners at FTV Capital, are set to join COR's board of directors. Their involvement underscores a strategic partnership aimed at leveraging FTV Capital's extensive experience in scaling software companies, particularly within the financial technology and business services sectors.

The capital injection will be instrumental in accelerating COR's product development, with a specific focus on integrating advanced AI tools. These enhancements are designed to empower businesses in managing both human teams and emerging AI agents, a critical development in today's rapidly evolving work environment. The company also plans to broaden its service offerings to encompass additional professional service verticals and deepen its market penetration in Brazil, its most substantial market across Latin America.

Founded in 2017 by Santiago Bibiloni, José Gettas, and Gabriel Marin, COR has demonstrated robust financial performance. The company reported an impressive 51% year-over-year revenue increase by the close of 2025, while maintaining profitability. This sustained growth highlights the strong market demand for its integrated platform, which consolidates project management, time tracking, resource allocation, budget oversight, and profitability analysis into a unified solution.

COR's platform currently serves a diverse international clientele across 38 countries. Notable clients include industry leaders such as Globant, Publicis Groupe, and GUT y Sancho BBDO, reflecting the platform's scalability and effectiveness in serving large, complex organizations. The company's expansion into AI-driven management solutions positions it to capture a larger share of the global market for business process automation, a sector projected to experience significant expansion in the coming years.

The market for back-office automation software for professional services is experiencing considerable growth, driven by the increasing complexity of operations and the need for greater efficiency. With the rise of hybrid work models and the integration of AI, firms are actively seeking solutions that can provide real-time insights and streamline workflows. COR's focus on these critical areas, combined with its proven track record and strategic backing from FTV Capital, positions it as a key player in this dynamic market.