SCALE AI announces its largest financing round of 2021 with twelve projects and $71 million in investments in artificial intelligence

Press Release

Montreal-based and federal government-funded, Scale AI is an investment and innovation hub that accelerates the rapid adoption of artificial intelligence (AI) towards developing world-class Canadian AI ecosystem thereby strengthening Canada’s international position. Scale AI funds industry-led projects, and training programs. Currently they fund companies from varied industries such as Aviation, Agriculture, and manufacturing that deploy AI to improve supply chains.

Today Scale AI announced that they are funding twelve new projects representing a total of $71 million in investments. They use the funding from the governments of Canada and Quebec towards accelerating the integration of AI particularly enabling the development of small and large organizations. The details of the 12 projects may be found here.

“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.”

Honourable François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry

CEO of SCALE AI, Julien Billot, said that, “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. 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 achieve extraordinary results yet so naturally.”


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