Primal, a Kitchener, Ontario, Canada-based artificial intelligence company, secured a $2.3m loan from BDC.
The company intends to use the funds to commercialize new applications, pursue strategic partnerships, sign licensing deals, and invest in sales and marketing.
Led by Yvan Couture, President & CEO, and Jeff McDowell, COO, Primal is an artificial intelligence (AI) company powering the next generation of consumer and enterprise applications that augment human intelligence.
The company’s augmented intelligence platform uses advanced semantic synthesis and knowledge representation to understand text in a similar manner to how the human brain processes and represents information. It does not require large amounts of training data to understand meaning, which allows it to address small data environments where more traditional approaches don’t work.