Toronto based AI-enabled recruitment platform, Canvass Analytics, raise a $3.3 million Series A 2 Financing funded by Yamaha Motor Ventures.
Canvass Analytics uses a software that allows manufacturers to monitor and predict future output to help engineers optimize their processes. The software also reduces water consumption as well as carbon emissions. The platform is used largely by industrial companies in the automotive, chemicals, energy, food and beverage, and mining and metal sectors.
Yamaha Motor Ventures is a venture capital firm that invests in the AgTech, food, and robotics industry. The firm invests in early-stage start-ups that have product and customer validation. LaBarge Weinstein acted as counsel to Canvass Analytics with a team that included Kyle Lavender and Stephanie Benedict.
Read more about the financing here. https://betakit.com/canvass-analytics-secures-3-3-million-usd-top-up-for-series-a-round/