Canvass Analytics, a Toronto, Canada-based provider of of Artificial Intelligence (AI)-enabled predictive analytics for the Industrial Internet of Things, raised $5M in funding.
The round was led by Google’s Gradient Ventures with participation from Bedrock Industries, Viaduct Ventures and existing investors Real Ventures and Barney Pell.
The company intends to use the funds to increase its presence in Fortune 500 companies across the globe.
Founded in 2016 and led by Humera Malik, CEO, Canvass Analytics provides an automated AI-powered analytics platform that can proactively and continuously identify operational improvements to allow companies to become efficient and agile in automating industrial operations.
Customers include automotive, aerospace, energy, and food and agriculture companies globally.