Scale AI announces its largest financing round of 2021 with twelve projects and $71 million in investments in artificial intelligence
With twelve projects representing a total of $71 million in investments announced today by Scale AI, the Artificial Intelligence (AI) integration movement is continuing its rapid growth in Canada. From the supply chain for aviation parts to production planning for agriculture or forecasting for consumer products, AI plays a crucial role in improving revenues and reducing costs across diverse industries.
Scale AI continues to be an important actor in the AI ecosystem, allocating recent contributions of $3.4 million from the Government of Quebec and $23 million from the Government of Canada to supply chain projects which contribute to consolidating quality jobs and the productivity of our businesses and industries.
The Honourable François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry says: “The pace at which artificial intelligence is integrating across all sectors of the Canadian economy is impressive and is a clear demonstration of the competence and vision of our Canadian businesses and workers.”
“We are building on Canada’s leadership in AI, and the unique projects announced today will help strengthen our supply chains while creating good jobs for years to come.”
— The Honourable François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry
Pierre Fitzgibbon, Minister of Economy and Innovation and Minister Responsible for Regional Economic Development, said, “Our artificial intelligence ecosystem is a strength we need to build on for innovative economic growth. By supporting Scale AI, our government reaffirms its commitment to accelerating the implementation of new technologies in Quebec companies, so they are more productive and competitive.”
Julien Billot, CEO of Scale AI, pointed out, “Our role in the Canadian AI ecosystem gives us the privilege to participate at the forefront of AI technological advances. I’m thrilled to see these companies integrate AI to acheive extraordinary results yet so naturally.”
“Every time Scale AI announces new investments, I am impressed by how these unique projects address supply chains issues that are widely relevant to our businesses and industries.”
— Julien Billot, CEO of Scale AI
Hélène Desmarais, Co-Chair of the Scale AI Board of Directors, added, “As a world-renowned hub for AI, our country is equipped with sharp minds and governments that support AI innovation and harness its game-changing power.”
“Once again, this cohort of projects tells the stories of Canadian corporate leaders that are forward-thinking and understand the competitive edge that AI can leverage.”
— Hélène Desmarais, Co-Chair of the Scale AI Board of Directors
Twelve projects representing investments of $71 million
Cognitive Capabilities for Aero-engines’ Aftermarket
Partners: Pratt & Whitney, McKinsey & Company Canada, MOOV AI, Cognitive Group, Cognitive Group, Standard Aero Limited Winnipeg, Vector Aerospace Engine ServicesAtlantic Inc, Schaeffler, Paradigm Orillia Technology, Meloche
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Predictive Analytics for Aviation
Partners: Bombardier, Globvision, Ivado Labs
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AI-powered Satellite Constellation Production
Partners: MDA Corporation, Connektica Solutions, Mafina Solutions, Ivado Labs
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AloT fulfullment
Partners: Attabotics, Canadian Tire, Microsoft, Intel technology of Canada ULC, AltaML and Amii
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AIStotle
Partners: SemiosBIO Technologies Inc., Laughing Coyote Orchards, Ivado Labs
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AI for Energy Supply Chain Feedstock Optimization
Partners: Tidewater, Validere, Nova Analytics, Queen’s University
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Staff optimizer and twoway product recommender for eCommerce
Partners: Kognitive Tech Inc., Ivado Labs, Roy Foss, Cellcom
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Industrial video analytics for manufacturing efficiency
Partners: Pacefactory inc, Magna International, University of Guelph, Alberta Machine Intelligence Institute (AMII), University of Quebec at Rimouski, Toyota Motor Manufacturing Canada, Dupont Sustainable Solutions
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Developing an AI-Driven Platform for Last Mile Delivery and Home Installation
Partners: Quick Contractors, Canadian Tire, Genaire Transport
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E2E ML-based Demand Forecasting
Partners: Unilever Canada, Larus Technologies, SOSCIP
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Precision Harvest
Partners: McCain, Fiddlehead, Resson, Riverview Farms Corp, CP Farms Ltd, Swansfleet Alliance, Valley Farms
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financial support of
