A banner year for Montreal’s Stradigi AI draws towards its conclusion with perhaps the biggest news yet from this downtown headquartered powerhouse. The company has announced that it has raised a series A round of equity financing. The Fonds de solidarité FTQ and Investissement Québec led the round, investing $26,4 million between them. The remainder was invested by the Holdun Family Office, Segovia Capital Ltd., Cossette Inc. and two of Stradigi AI’s co-founders.
“Investissement Québec and the Fonds de solidarité FTQ, in addition to all the other amazing investors that contributed to this financing, are great partners for Stradigi AI,” said Basil Bouraropoulos, CEO and Co-Founder of Stradigi AI. “As two of the most respected institutional funds in Canada with diverse portfolios and deep experience with preparing companies for international growth, IQ and the Fonds will bring tremendous value as we execute our strategy to become one of the top three leading platforms in North America.”
The company said in a statement that the funds will primarily be used to accelerate market penetration, with the US being the priority, and to continue the development of its Kepler AI solution. The hope being that these two initiatives will cement Stradigi AI’s position as a comprehensive AI solutions provider across North America, and help them drive high-impact business value for enterprises.
“Investissement Québec is proud to support Stradigi AI’s success and the development of their platform Kepler that can help businesses to cross the chasm from research to production of AI for some time.,” noted Guy LeBlanc, CEO, Investissement Québec. He added, “We are committed to investing in Quebec’s thriving AI ecosystem, which is why we feel it is so important to help home-grown success stories like Stradigi AI to expand both here and beyond our borders.”