Tag Archives: raised money

Toronto Travel Startup SnapTravel Snaps $13.2m Additional Investment

Snaptravel , Toronto Travel startup, is super cool to use as you can just your Facebook messenger to talk to their smart AI enabled bot to secure the best deals on hotel websites around the world.

So it comes no surprise that they secured additional $13.2m on top of existing $8m to raise capital all the way $21.2m.

Even famous NBA star player Stephen Curry who plays for Golden State Warrior has decided to invest in the Toronto startup.

Snaptravel Co-founder and CEO Hussein Fazal said:

“Online hotel booking is an incredibly transactional and noisy process, where pop-ups and expiring offers inundate consumers. We are reimagining this experience – making booking hotels feel as natural and personal as talking to a friend. Beyond travel, we’re at the start of a shift in which consumers no longer shop on individual websites or apps, but entirely via conversations with brands.”

Not surprisingly customers have used their app to book over 350,000 nights at 35,000 different hotels across 5,800 cities.

Congrats Snaptravel – thanks for making Toronto great place to do business for startups. Sweet Travels.

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 and academic ecosystems, Element AI is building an AI-First World to elevate our collective wisdom. Element AI has about 70 employees mostly in their Montreal, Canada office.  They also have employees in Toronto and Quebec City.

Element AI CEO Jean-François Gagné said:

“Artificial Intelligence is a ‘must have’ capability for global companies. Without it, they are competitively impaired if not at grave risk of being obsoleted in place. Seasoned AI investors at DCVC understood this, and supported us to democratize the AI firepower reserved today for only the largest of tech corporations. Intel, Microsoft, and NVIDIA, as pioneers and champions of AI hardware and software, likewise understand that their businesses flourish as every company is empowered with world-class AI. This is why these leaders have backed us with the world’s largest Series A round ever for an artificial intelligence company. This historic round will help Element AI deliver profoundly powerful AI platforms for all, not just the few.”

Interview with Yoshua Bengio @ Shake IT Montreal 2017 about Artificial intelligence and Virtual reality. 

https://www.youtube.com/watch?v=lTBdnu0IiOU