Ontopical Raises $3.3M in Seed Extension


Ontopical, a Calgary, Canada-based data and intelligence platform to help businesses discover and win government work, raised $3.3m in Seed Extension funding.

The round was co-led by Rhino Ventures and Graphite Ventures and supported by Accelerate Fund III. It also incorporates a grant from Alberta Innovates. To date, Ontopical has raised over $6m in funding.

The company intends to use the funds to further develop its AI-driven intelligence platform, expand its business further across North America, to triple their team over the next two years, hiring data engineers, data scientists, AI/ML specialists and new members to its sales and marketing teams. The majority of roles will be based in Calgary. 

Led by Clayton Feick, CEO, Ontopical provides equitable access to government opportunities for qualified businesses. Its AI-driven data and intelligence platform makes it possible for the private sector to detect early signals from public sector data about upcoming contract opportunities and policy updates to help them efficiently win more business.

The platform mines millions of unstructured and multi-format public sector data sources including agendas, minutes, budgets and videos within cities, counties and school districts to identify and consolidate intelligence to help businesses efficiently apply for new contracts. Customers include some of North America’s largest telecom players, major architectural, engineering and construction firms, energy and utilities providers, health services, software, IoT and technology companies. More than half of its customers are in the U.S.