Exxon, LyondellBasell Eye Shell’s $8 Billion U.S. Chemicals Assets 
SoftBank Plans Record $6.3 Billion Bond Sale to Fund OpenAI Investments 
TikTok, DOJ Reach $400 Million Children’s Privacy Settlement 
SEC Probes Banks Over Situational Awareness Hedge Fund Collapse 
Google Expands Gemini Enterprise With AI Tools for Legal Sector 
Luxshare Shares Rise as First-Half Profit Jumps 18% 
Xiaomi Unveils Xring O3 Chip for Flagship Foldable Phone 
California Seeks Paramount Divestitures in Warner Bros. Merger 
Adidas, Puma Shares Fall as Dick’s Sporting Goods Cuts Outlook 
Hanmi Pharm Soars 30% on $2.3 Billion Genentech Obesity Drug Deal 
KPMG Australia Cuts 5% of Workforce Amid Scandal 
Amazon to Expand Drone Delivery to 500 U.S. Locations 
Alibaba Raises $10.2 Billion to Expand AI Infrastructure 
China EV Stocks Slide as Door Handle Recall Hits 4.3 Million Vehicles 
Apple Cuts Over 200 Siri, Vision Pro Jobs in AI Shift 
Ampol Profit Surges as Refining Margins Hit Record Highs 
Woodside Drops $5 Billion Clean Energy Plan as Profit Rises 7% 
Add as a preferred source on Google
OTTAWA, May 01, 2018 -- MindBridge Analytics Inc. announced today that it has raised $8.4M in its Series A Financing. The round was led by Real Ventures of Montreal and includes participation from Reciprocal Ventures out of New York, National Bank of Canada, The Group Investment from Toronto and 8VC of San Francisco.
Since releasing its flagship Ai Auditor™ for availability in March 2017, MindBridge Ai has signed over 125 customers in 6 countries and doubled the size of its workforce.
This round follows on the heels of MindBridge Ai closing its Seed Round in June 2017, bringing in a total of $15M in financing to-date, including non-dilutive funding.
“Through discussions with customers, regulatory bodies and the investment community, it is evident that MindBridge’s AI platform is solving real problems across multiple sectors,” says Eli Fathi, CEO “This new round of financing will be deployed to accelerate the scale-up of MindBridge’s operations, further increasing its market leadership position.”
MindBridge offers an extensible AI platform that automates the ingestion and analysis of data and learns from user interaction, incorporating a hybrid of machine learning and artificial intelligence algorithms. A ‘risk score’ is generated across the entire dataset and results are presented through an intuitive user interface that increases effectiveness of the analysis. The MindBridge Ai platform is in use with customers worldwide highlighting insights for users in CPA firms, enterprises, governments and regulators.
MindBridge Ai has taken a broader leading position to promote the role of AI in Canada. On May 24th, MindBridge is hosting the IMPACT AI Conference in Ottawa that will feature senior leaders from public, private and academic organizations who will take the stage to discuss the transformational effect of AI on the economy and society.
For more information about this announcement, please visit the Globe and Mail website here.
About MindBridge Ai:
MindBridge Ai is a venture-backed FinTech company based in Ottawa, Canada. Through the application of machine learning and artificial intelligence technologies, the MindBridge platform detects anomalous patterns of activities, unintentional errors and intentional misstatements. Using the MindBridge Ai-Auditor, organizations across multiple industries can minimize financial loss, reduce corporate liability and can focus on providing higher value services to their clients.
For more information, visit mindbridge.ai
Contact:
Dipalli Bhatt
Email: [email protected]
