Quartic.ai Secures $5M in Series A Funding

quarticQuartic.ai, a Toronto, Ontario, and San Jose, CA-based industrial AI and IIoT software provider, completed a $5m Series A financing.

The round was led by WRVI Capital, with participation from private investors.

The company intends to use the funds to accelerate deployment of its Industry 4.0 technology and serve a larger customer base.

Led by Rajiv Anand, CEO, Quartic.ai provides process manufacturing users and engineers to develop and deploy their own AI and IIoT-based solutions using their subject matter expertise, without the need for a formal data science or coding background. .
The platform, which has been deployed to modernize legacy automation to Industry 4.0 architecture in process manufacturing applications such as pharmaceuticals, mineral processing, and petrochemicals, consists of two main components:
– the illuminatorâ„¢, an industrial OT data pipeline, and
– eXponenceâ„¢, an automated machine learning, contextual analytics and complex event processing engine.

The company also has a development centre in Bengaluru, India.

FinSMEs

06/11/2019

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