Daisy Intelligence Corporation, a Toronto, CA-based artificial intelligence software-as-a-service platform, received $5m in funding.
Espresso Capital made the investment.
The company intends to use the funds for talent acquisition and marketing efforts, growth in the grocery segment, expansion into the wider retail category, and in the insurance industry.
Led by Gary Saarenvirta, CEO, Daisy Intelligence is an artificial intelligence software-as-a-service company that analyzes very large quantities of client’s transaction and operational data in order to make automated operational decision recommendations which clients can immediately action to improve their business. Using proprietary mathematical solutions and the AI-based simulation platform, the system analyzes the tradeoffs inherent in any complex business question and provides specific recommendations to allow clients to grow total sales, improve margins, and reduce fraud.