Canvass Analytics Inc. (Canvass AI), a Toronto, Ontario, Canada-based supplier of an industrial AI software program platform, raised $14.23M in Collection A extension funding.
The spherical contains an extension of US $7.73m, led by Yamaha Motors Ventures, and a CDN $5.7m (US $4.43m) repayable mortgage from the Authorities of Canada, via the Federal Financial Growth Company for Southern Ontario (FedDev Ontario).
The corporate intends to make use of the funds to increase operations and its enterprise attain.
Led by CEO Humera Malik, Canvass AI is a software program supplier that leverages AI to allow industrial workforces to resolve day-to-day operational issues, similar to decreasing carbon emissions and waste, bettering yields, and optimizing facility operations.
The corporate’s clients span the oil and fuel, chemical and petrochemical, metals and mining, and vitality sectors.