[ Element AI raises $102M in Series A ]

Element AI has raised $102 million in Series A funding.

Founded in 2016, Element AI solves impossible problems for global organizations that urgently need to use AI in combination with their proprietary and valuable data to leap ahead of their competitors.

The company will use the funding to accelerate its capabilities and plans to solidify its position as “the largest global artificial intelligence company in Canada.” Element AI intends to create 250 jobs in Canadian tech by January.

Funding  Series A
Founded  2016
Country  Canada
City  Montréal, Quebec
Founder / CEO  Jean-Francois Gagné
Deal Size  $102M
Investors  Real Ventures
 Nvidia
 Business Development Bank of Canada
 National Bank of Canada
 Microsoft Ventures
 Data Collective
 Hanwha Investment Corp
 Intel Capital
Previous Investors  500 Startups Canada
  Microsoft Ventures