Toronto-based artificial intelligence company Integrate.ai recently made an announcement detailing the completion of its Series A fundraising round, which garnered $30 million.
Aside from Portag3 Ventures, the company that led the round, existing investors including Real Ventures and Georgian Partners also took part in the exercise. The newest investment catapults the 20-month-old company to a valuation of more than $100 million.
Since today’s customers want enterprises to offer fair, contextual and relevant experiences without compromising their privacy, Integrate.ai is creating the largest Trusted Signals Exchange in the world to aid businesses in delivering on such a promise. Integrate. ai’s cloud-based software platform enables businesses to expedite their transformation to an operating model that is more customer-centric.
Furthermore, it helps to boost customer loyalty and revenue through the integration of easy-to-integrate apps that are focused on both consumer decisions and access to powerful cross-industry intelligence.
Canadian corporate leaders including Corus Entertainment and TELUS among many others are currently taking advantage of the software platform in an attempt to boost their customer base and revenue. What’s more, Integrate.ai intends to utilize the financing from its recently closed Series A round to aggressively grow its client base and operations in the US.
Published case studies have indicated a strong lift in enterprise outcomes, specifically a boost of between 23-50%. They have also shown continuous development through ongoing and automated optimization. Integrate. ai’s Trusted Signals Exchange platform is growing significantly and is already trained on billions-worth of high-value connections between businesses and people, which allow customers to attain substantial performance gains.
“Our focus in this financing round is to work with great people that can add tremendous strategic value as we scale the business. Portag3 has a strong track record in supporting innovative tech companies with a high potential for global impact, and we are thrilled to welcome Paul Desmarais III to our board of directors.
Paul and Portag3 bring strategic insights and an extensive network that will help improve our ability to onboard new customers and accelerate revenue growth,” said the Founder and Chief Executive Officer of Integrate.ai Steve Irvine.
“Expanding the integrate.ai team and extending our reach into the U.S. and other markets will enable us to speed up the development of our AI platform, which integrates with existing enterprise tech stacks, and address the tremendous interest in our Trusted Signals Exchange. We offer a compelling career path for top AI and business talent and a commitment to turning cutting-edge research into enterprise applications with a direct impact on our customers’ businesses,” said the Chief Operating Officer (COO) of Integrate.ai Jason Silver.
“We have seen a proliferation of AI startups, but integrate.ai is unique in its ability to consistently demonstrate measurable revenue lift quickly through a commercialized software platform designed for enterprise needs. In addition, integrate.ai’s proprietary, privacy-preserving signals exchange is exactly what businesses will need going forward to deliver better experiences that consumers can trust in ways that significantly increase business results,” said the Executive Chairman of Portag3 Ventures and a Senior Vice President of Power Corporation and Power Financial Paul Desmarais III.
Source BusinessInsider
