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Element AI

company

About

Element AI is an artificial intelligence company that gives organizations unparalleled access to cutting-edge technology.

Details

Last Funding Type
Series A
Last Funding Money Raised
$102M
Industries
Artificial Intelligence,Consulting,Machine Learning,Natural Language Processing,Software
Founded date
Oct 25, 2016
Number Of Employee
251 - 500
Operating Status
Active
Legal Name
Element AI Inc.
Sub-Organizations
Element AI Capital

Element AI is an artificial intelligence company that gives organizations unparalleled access to cutting-edge technology. The company launches and incubates advanced AI-First solutions in partnership with large corporations. They deliver AI software products that augment decisions to make your business stronger, safer, and more agile.

Element AI allows accelerating the deployment and commercialization of solutions that meet customer needs for the operationalization of AI while continuing to develop AI products. It maintains a strong connection to academia through research collaborations and takes a leadership position in policy-making around the impact of technology on society. The has built an AI systems integrator of sorts to help other companies develop and implement artificial intelligence solutions an Accenture’ for machine learning, neural network-based solutions, and computer vision applications.

Element AI was founded in 2016 and is headquartered in Montréal, Quebec, Canada.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
4
$107M $200M
Element AI has raised a total of $107M $200M in funding over 2 rounds. Their latest funding was raised on Sep 13, 2019 from a Series B round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 13, 2019 Series B $200M 9 Caisse de Depot et Placement du Quebec Detail
Dec 5, 2018 Debt Financing $5M 1 Canadian Government Detail
Jun 14, 2017 Series A $102M 10 DCVC Detail
Dec 12, 2016 Seed 2 M12 - Microsoft's Venture Fund Detail

Employee Profiles

Number of Employee Profiles
15
Element AI has 15 current employee profiles, including Board observer Priya Saiprasad
Board observer
Board member
Executive

Acquisition

Element AI has acquired 1 organizations. Their most recent acquisition was MLDB.ai on Feb 17, 2017. They acquired MLDB.ai for 0.

Date Company Name
Industry Acquisition Type Price
Feb 17, 2017 MLDB.ai
Artificial Intelligence acquisition Detail