March 06, 2023

Raven.ai Raises US$12 million in its Effort to Combat Supply Chain Issues

Raven.ai is an Ottawa-based startup that leverages its overall equipment effectiveness (“OEE”) improvement software to help companies improve their supply chain efficiency. The OEE software’s output is an overview of equipment effectiveness and production losses that can be interpreted by supply chain managers to make appropriate adjustments.

Raven.ai’s recent Series A funding round that totalled US$12 million comes at a good time as Canada faces ongoing supply chain issues lingering from the COVID-19 pandemic as well as other climate-based and geopolitical production restraints. The company’s funding round was led by Momenta Ventures and Chartline Capital Partners with participation from Celtic House Venture Partners and Export Development Canada.

Raven.ai has already helped improve efficiency on production lines operated by Coca-Cola, Walmart, Michelin, and McCain and hopes to continue to provide incremental assistance to more companies which may help combat rising inflation rates in Canada.

Image by https://unsplash.com/@jacques_dillies

....well known for acting for technology suppliers, government entities and service providers on a range of IT-related M&A and outsourcing transactions. — Chambers Canada
....punches above its weight for big-ticket M&A in Canada, recently advising on substantial transactions in mining, energy, technology and cannabis sectors. — Chambers Global
The practice group at Goodmans LLP is routinely called upon by public and private companies, venture capital companies, institutional investors, lenders and government agencies seeking assistance with a range of advisory, transactional and contentious technology mandates. — The Legal 500 Canada
The technology team responds incredibly quickly and is willing to go above and beyond to find ways to help. — Chambers Canada
Clients note, " We have been introduced to several lawyers within Goodmans – each with impressive credentials that have been recognized as outstanding by our A-list investors during contract negotiations." — The Legal 500 Canada
Clients note, "The team at Goodmans has helped solidify our company’s reputation as a capable, innovative technology company that values excellence." — The Legal 500 Canada
Clients note, “Whenever I have any matters involving Canada, Goodmans is my first call. Every attorney I've interacted with has been responsive, knowledgeable, client-forward and fantastic.” — Chambers Canada
Goodmans LLP's breadth of knowledge covers the full spectrum of technology law issues including technology acquisitions, regulatory issues, privacy and data security, risk management and social media issues. — Legal 500 Canada
Clients note, "Goodmans is good at explaining things in business terms and are a very client-focused firm." — Chambers Canada
....well known for acting for technology suppliers, government entities and service providers on a range of IT-related M&A and outsourcing transactions. — Chambers Canada
....punches above its weight for big-ticket M&A in Canada, recently advising on substantial transactions in mining, energy, technology and cannabis sectors. — Chambers Global
The practice group at Goodmans LLP is routinely called upon by public and private companies, venture capital companies, institutional investors, lenders and government agencies seeking assistance with a range of advisory, transactional and contentious technology mandates. — The Legal 500 Canada
The technology team responds incredibly quickly and is willing to go above and beyond to find ways to help. — Chambers Canada

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Raven.ai Raises US$12 million in its Effort to Combat Supply Chain Issues

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