FedDev Ontario will provide the funding through its Jobs and Growth Fund, which issues repayable contributions to help businesses create jobs and boost local economies for long-term growth. It will help the company to accelerate the commercialization of its AI software platform and create 45 new jobs. (The Logic)
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FedDev Ontario will provide the funding through its Jobs and Growth Fund, which issues repayable contributions to help businesses create jobs and boost local economies for long-term growth. It will help the company to accelerate the commercialization of its AI software platform and create 45 new jobs. (The Logic)
Talking point: The company, co-founded by CEO Humera Malik in 2016, provides AI software and has raised US$13 million so far, according to Pitchbook. Its most recent US$6.5-million Series A round was led by Yamaha Motor Ventures and Laboratory Silicon Valley with participation from BDC Capital, Real Ventures and other investors in October 2020. Its no-code platform allows manufacturers to monitor and predict future output to help engineers optimize their processes, as well as reduce water consumption and carbon emissions.
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