Toronto’s Integrate.ai announced today the company’s strategic advisory board and along with it a strategic investment round of $4.6 million USD.
The AI enterprise SaaS startup’s board brings together a group of notable business leaders including Shopify COO Harley Finkelstein; former managing director at Facebook and Instagram Jordan Banks; and Tesla’s director of growth Praveen Arichandran.
The diverse board collectively brings decades of industry experience and will advise Integrate’s team as the company looks to develop an AI-powered enterprise software platform.
“The technology, the approach, and the scalable revenue model integrate.ai is developing is unique across the booming AI space,” said Finkelstein. “Having reviewed numerous investment and business opportunities in the AI sector, I’m confident integrate.ai’s approach will result in a long-term profitable business model that defines the sector.”
Founder and CEO Steve Irvine said the board members will his leadership team develop strong enterprise relationships and build a “world-class” AI SaaS platform for businesses.
“We have assembled a team with proven track records for building successful companies on disruptive technologies and deep technical and policy experts,” said Irvine. “Advisory board members will play an active role in the business as we grow our customer base and bring our product to market.”
Intergrate.ai also closed a second investment round from their newly appointed advisory board members, their Toronto team, and venture capital firms Georgian Partners and Real Ventures. Launched earlier this year, Integrate.ai raised a $5 million investment from Georgian Partners in February.
“Integrate.ai is developing a much needed software that will transform the ways in which businesses employ AI to improve the customer experience, a space we believe has a tremendous potential based on existing and future market demand,” said Mike Shaver, partner at Real Ventures. “Participating in this early strategic round is an exciting opportunity to be part of the integrate.ai story, alongside their exceptional team.”
Integrate.ai is gearing up for a Series A funding round to be completed in 2018.