Element AI

Element AI Inc. is an artificial intelligence company based in Montreal, Canada, with an additional office in Toronto. Founded in 2016, Element AI specializes in providing AI solutions that help organizations identify opportunities for artificial intelligence and machine learning integration. The company operates an AI as a Service (AIaaS) platform, enabling businesses to launch and develop AI solutions in collaboration with large corporations. Its offerings span various industries, including insurance, banking, manufacturing, logistics, retail, and consumer packaged goods. Element AI emphasizes the operationalization of AI by delivering software products that enhance decision-making and improve business agility. The company also conducts research and development to advance AI technology and maintains partnerships with academic institutions to foster innovation. Through its systems integrator approach, Element AI assists organizations in implementing and commercializing AI solutions tailored to their specific needs.

Jean-Francois Gagne

CEO

2 past transactions

Omnirobotic

Seed Round in 2018
Omnirobotic Inc. develops autonomous industrial robots aimed at addressing manpower shortages in manufacturing. Founded in 2016 and based in Laval, Canada, the company specializes in creating robots that utilize 3D vision and artificial intelligence to see, plan, and execute tasks on a variety of products without manual programming. Its flagship product, the Omnipainter, is a vision-guided robotic system designed to enhance flexibility, scalability, and customization in coating and painting applications. This technology enables the transformation of traditional industrial robots into autonomous systems suitable for high-mix, low-volume manufacturing, a sector larger than the existing industrial robot market. Omnirobotic installed its first autonomous robot in 2019, following seed funding received in late 2017.

MLDB.ai

Acquisition in 2017
MLDB is an open-source database specifically designed for machine learning applications. It allows users to install the database on their preferred systems and interact with it through a RESTful API. This enables the storage and exploration of data using SQL, facilitating the training of machine learning models that can subsequently be exposed as APIs. The platform is particularly beneficial for handling large data sets generated from consumer behavior, offering real-time predictive analytics. This capability aids clients in optimizing their Data Management Platforms, Demand Side Platforms, Agency Trading Desks, and e-commerce websites, enhancing their ability to make informed decisions based on data insights.
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