MindBridge Analytics Inc., an Ottawa, Canada-based provider of artificial intelligence (AI) solutions that apply risk-based approaches to allow organizations to extract insights from data, closed a $29.6M Series B financing.
The Government of Canada Strategic Innovation Fund (SIF) made the investment, which brought total fundraising to-date of over $45m.
The company intends to use the funds to accelerate the development and introduction of a flexible technology platform that enables any business to leverage AI-based insights and analysis.
Led by Eli Fathi, CEO, MindBridge Ai is a fintech company which applies machine learning and artificial intelligence technologies to detect anomalous patterns of activities, unintentional errors, and intentional misstatements. Using MindBridge Ai Auditor, organizations across multiple industries can minimize financial loss, reduce corporate liability and enhance their professional judgment.
Since releasing its flagship Ai Auditor in March 2017, the company has signed over 260 customers in 14 countries and tripled the size of its workforce.