Organization: Element AI

The Short Report, Sept 11, 2019: Genome lab, industrial IoT, ecommerce

The federal government and the province of Quebec are teaming up to fund the creation and operation of a Montreal-based international centre of expertise for the advancement of artificial intelligence, focused on the responsible and ethical development of AI technologies, as part of the Global Partnership on AI (GPAI). Ottawa is committing $10 million over five…

The Short Report, June 5, 2019 – McMaster endowment, AI, timber research, green jet fuel

BDC Capital has launched the $250-million Industrial Innovation Venture Fund to invest in early to late stage tech firms and entrepreneurs accelerating the transformation of core Canadian industries including ag-tech, advanced manufacturing, oil and gas and mining tech. Venture capital veteran Joe Regan joins as the fund’s managing partner. “Industrial sectors tend to be slow…

Element AI goes global with $137.5-million series ‘A’ investment

Montreal-based Element AI has raised $137.5 million in series ‘A’ financing to support investment in large-scale artificial intelligence (AI) projects internationally, cement its status as Canada’s the largest global AI company and hire 250 people by January 2018. The investment is the world’s largest Series A round ever for an AI company. The financing is…

Microsoft Ventures invests in Montreal AI expertise

Microsoft Venture‘s new start-up fund has made its first investment in Element AI, a Montreal-based artificial intelligence start-up affiliated with researchers at McGill Univ, Univ of Montreal and Univ of Toronto. Founded by Dr Yoshua Bengio and serial entrepreneurs Jean-François Gagné and Nicolas Chapados, Element AI will use the undisclosed Microsoft investment to achieve scale…