Element AI

Element AI is an artificial intelligence solutions provider that gives organizations unparalleled access to cutting-edge technology.

Element AI operates an online platform that helps organizations identify opportunities to use artificial intelligence (AI) and machine learning in ways that impact their business.

Element AI was founded in 2016 by Jean-François Gagné, Yoshua Bengio, Anne Martel, Nicolas Chapados, and Philippe Beaudoin. The company is headquartered in Montreal, Canada with an additional office in Toronto, Canada.

Element AI combines cutting edge AI research with expert application to develop scalable products that make businesses safer, stronger, and more agile. It delivers products designed to help people work smarter and make businesses stronger, safer and more agile.

Element AI is one of the world’s largest applied artificial intelligence companies and one of Canada’ fastest growing startups. The copany constantly push the frontier of knowledge, tackling the world's biggest and most interesting challenges in artificial intelligence, machine learning and operations research. As of Oct 2018, the company has a growth of 1,000%+ (according to LinkedIn).

 

Element AI is backed by top leading investors including Intel Capital, Data Collective, Fidelity Investments, Nvidia, M12, Caisse de dépôt et placement du Québec (CDPQ), McKinsey & Company, National Bank of Canada, Business Development Bank of Canada, Real Ventures among others. The company raised CAD$200M ($151M) in its latest "Series B" financing on Sep 13, 2019. This brings Element AI's total funding to C$340M ($257M) to-date.

 

 

  • Year founded: 2016
  • Funding Info: C$340M ($257M) in 4 Funding Rounds (Last Funding Type: Series B)- It has also acquired LDB.ai in Feb 17, 2017
  • Yearly Revenue: $50M-$100M (2018)
  • Employee Size: 201-500
  • Business Valuation: Valued at approx. $650M as of Sep 13, 2019
  • City/Town: Montreal
  • State: Quebec
  • Country: Canada
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