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.
Top Stages
2 past transactions
Omnirobotic
Seed Round in 2018
Omnirobotic Inc. is a Canadian company founded in 2016 that specializes in the development of autonomous industrial robots aimed at addressing manpower shortages in manufacturing. Its flagship product, the Omnipainter, is a vision-guided robotic system that leverages artificial intelligence to enhance flexibility, scalability, and customization in coating and painting applications. Omnirobotic's technology enables the automation of operations for manufacturers dealing with high mix, low volume products, allowing robots to perceive their environment, plan tasks, and execute actions in real-time without manual programming. By transforming traditional industrial robots into autonomous systems, Omnirobotic facilitates the automation of complex manufacturing processes, thereby increasing productivity and efficiency in the industry. The company installed its first autonomous robot in 2019, marking a significant milestone in its mission to revolutionize the painting and coating sectors.
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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