Element AI
Element AI is an artificial intelligence company that develops and delivers AI solutions for organizations to identify opportunities to deploy AI and machine learning. It operates an AI as a Service platform that enables businesses to launch and scale AI initiatives in partnership with large corporations. The company maintains an in-house research and development laboratory to advance AI technologies and their deployment in computing infrastructure. Element AI serves industries including insurance, banking and capital markets, manufacturing, logistics, retail, and consumer packaged goods. Founded in 2016 and headquartered in Montreal with an additional office in Toronto, it combines software products, services, and tools that help clients operationalize AI, augment decision-making, and improve business performance. Element AI also maintains collaborations with academia and engages in policy discussions related to technology's societal impact, while acting as an integrator to help organizations adopt and implement AI solutions.
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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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