Element AI

About

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

Montréal,Quebec,Canada
251 - 500
http://www.elementai.com/

Highlights

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

Investors

Number of Lead Investors

Number of Investors

4

17

Element AI is funded by 17 investors. Caisse de Depot et Placement du Quebec and Canadian Government are the most recent investors.

Investor Name	Lead Investor	Funding Round
Caisse de Depot et Placement du Quebec	Yes	Series B
Canadian Government	Yes	Debt Financing
Business Development Bank of Canada	—	Series B
DCVC	—	Series B
Government Of Quebec	—	Series B
Hanwha Asset Management	—	Series B
M12 - Microsoft's Venture Fund	—	Series B
McKinsey & Company	—	Series B
Pegasus Tech Ventures	—	Series B
Real Ventures	—	Series B