Integrate.ai, a Toronto-based artificial intelligence enterprise software company, announced today that it has raised a $5 million seed investment from Georgian Partners.
Founded just last month by former Facebook executive Steve Irvine, Integrate.ai is a platform for large enterprises to train AI-enabled solutions that drive customer engagement and revenue growth.
Integrate.ai plans to aggressively expand its research and development capabilities in Toronto where there is a significant pool of artificial intelligence and software engineering talent.
“Integrate.ai will bridge the gap between AI and the C-Suite, to help the world’s fastest growing companies tap into the power of AI to solve complex business challenges,” said Irvine.
“I believe strongly that Canada is the best place to build an AI-first business, and this funding will enable us to quickly hire the world class AI talent on which our business will be built, right here in Toronto.”
Many of the major breakthroughs in AI over the last decade have come from Canadian researchers. Today, many leaders of the big AI research labs around the world are Canadian or have come through Canadian Institutions.
Justin LaFayette, managing partner and co-founder of Georgian Partners will join the Integrate.ai board of directors.
“This is a rare opportunity to be part of something that is very large and closely aligned with our applied artificial intelligence investment thesis,” said Justin LaFayette, managing partner at Georgian Partners.
“Steve has a unique set of skills and experience that, along with the rich pool of AI talent available in Toronto, will enable Integrate.ai to scale quickly.”