Category Archives: Raised Money

Montreal Element AI raises $140m Canadian, largest AI Series A round

Element AI, an artificial intelligence company that delivers groundbreaking AI solutions, announced today it has raised $102M USD, representing the largest Series A funding round for an artificial intelligence company in history. Element AI is an artificial intelligence solutions provider that gives organizations unparalleled access to cutting-edge technology. Bringing together the best in entrepreneurship, technology … Continue reading Montreal Element AI raises $140m Canadian, largest AI Series A round

Nymi, Toronto wearable band company, raises $20m Canadian

Nymi raised its $15m USD series B round from  investor GII Tech from Dubai, with participation from existing investors Relay Ventures and Ignition Partners. This is on top of their Series A of $14m USD, making a total of $29m USD to date. Nymi founder and CEO, Karl Martin said:  "This is an important milestone for … Continue reading Nymi, Toronto wearable band company, raises $20m Canadian

Airy3D, Montreal 3D vision startup, raises $4.6m Canadian

Airy3D raised money from CRCM Ventures and R7 Partners with participation from WI Harper Group, Robert Bosch Venture Capital, Nautilus Venture Partners and angel investors affiliates of TandemLaunch, the Montreal-based incubator that spun out Airy3D. Airy:3D provides a suite of passive depth recovery technologies that bring 3D machine vision to cameras. It serves entertainment, automotive, industrial, … Continue reading Airy3D, Montreal 3D vision startup, raises $4.6m Canadian

SkyX, Toronto drone charging startup, raises $5.2m Canadian

SkyX, based in Markham , Ontario, raised $5.4m from Chinese based technology group. Company is specializing in drone charging stations, so that drones can monitor vital objects like oil and gas pipelines. SkyX drones are half-helicopter, half-plane and built to fly long distances so that they can monitor vital objects. Skyx is targeting energy industry first. … Continue reading SkyX, Toronto drone charging startup, raises $5.2m Canadian

Wave, Toronto financial software firm, raises $32.38m Canadian in funding

Wave , the leading provider of financial management software for entrepreneurs and small business owners, raised US$24 million strategic financing. National Australia Bank (NAB), Royal Bank of Canada (RBC), Portag3 (the investment arm of PowerCorp focusing on financial services innovations), and Exhibition Capital participated in financing the deal. The investment also includes funding from existing … Continue reading Wave, Toronto financial software firm, raises $32.38m Canadian in funding