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The Dubai-based physical AI startup will also establish a lab in the city and deepen an existing partnership with Montreal AI institute Mila. The move will result in an additional 300 jobs in the Quebec ecosystem through partnerships. (The Logic)
Talking point: Founded in 2018, Ahoy uses AI-enabled hardware and agents to help clients analyze and optimize their operations. Earlier this year, it announced reaching US$100 million in annual recurring revenue. It’s not the company’s first foray into Montreal, having acquired Montreal-based automation platform Wrk Technologies in May. Several Canadian companies are looking to sell physical AI as a way to speed up and reduce errors in advanced manufacturing. Ahoy CEO Jamil Shinawi praised Quebec’s “world-class talent attraction and education” in announcing the company’s new hub.
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