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.
The Canada Growth Fund (“CGF”) has announced a C$89 million investment in Calgary-based Eavor Technologies (“Eavor”), a global leader in closed-loop geothermal energy. An additional C$48 million may…
Alta Daily (“Alta”), founded by Jenny Wang, is an innovative startup that is transforming how artificial intelligence can assist users with personal styling. Shortly after launching the company, Wang…
Web Summit is a growing international technology conference that has rapidly become “one of the world’s biggest and best”. As the predecessor to Toronto’s highly-successful Collision conference, Web…
Microsoft recently announced a US$400 million investment in its Swiss data centres to develop cloud computing and AI infrastructure in the country. The money will be used to expand and upgrade four of…
Since 2022, Zown Realty Inc. (“Zown”) has provided Canadians with an easy, fast and comprehensive app to support those looking to buy or sell real estate. Zown recently expanded into the United States…
Eli Science Inc. (“Eli Health”), a Montreal-based startup, has secured C$17 million in Series A funding to launch its at-home hormone monitoring technology. This round of investment was led by…
