SCALE AI announces a major financing round in artificial intelligence: $50 million to support 12 new projects
With an additional 12 projects representing more than $50 million in investments announced today by SCALE AI, artificial intelligence (AI) is continuing on its path of rapid adoption by Canadian industry leaders.
With an additional 12 projects representing more than $50 million in investments announced today by SCALE AI, artificial intelligence (AI) is continuing on its path of rapid adoption by Canadian industry leaders. The integration of AI represents a vector of growth, productivity, and competitiveness with significant benefits for the entire Canadian economy. By optimizing production and transportation, AI is proving essential in efforts to address the crucial challenges our supply chains face today, including the ripple effects of the pandemic on demand, labour shortages, and environmental performance.
The Honourable François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry, says: “With over 50 multinational AI research centres, nearly 1,000 AI start-ups and thousands of top researchers, Canada continues to be a global leader when it comes to artificial intelligence. Thanks to our government’s investments in AI, we are making the Canadian economy more agile, competitive and resilient.”
“The 12 projects announced today by SCALE AI demonstrate how Canadian companies are using AI to compete on a global scale.”
— The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry
Pierre Fitzgibbon, Quebec Minister of Economy and Innovation and Minister Responsible for Regional Economic Development, notes: “Investments in AI allow us to support the competitiveness of several key sectors of the Quebec economy and will allow us to create more wealth for the country, contribute to addressing the labour shortage, and develop innovative solutions to important societal issues.”
“I am proud to see Quebec continue to solidify its position as a leader in AI as a large number of projects involve Quebec-based companies, partners, or researchers.”
— Pierre Fitzgibbon, Quebec Minister of Economy and Innovation and Minister Responsible for Regional Economic Development
Julien Billot, CEO, SCALE AI, explains: “In just a few years, AI integration has gone from experimental to established processes for many applications.”
“The projects announced demonstrate that regardless of the size of the company or the industry, integrating AI enables companies to identify new opportunities and create sustainable value, which includes increased revenue growth and improved competitiveness.”
— Julien Billot, CEO of Scale AI
Hélène Desmarais, Co-Chair of the Board of Directors, SCALE AI, adds: “SCALE AI is pleased to support the development of artificial intelligence by and for Canadian companies, for the benefit of Canadian society.”
“The collaboration between players in this sector has resulted in a series of initiatives and investment programs that touch on all areas of AI development: talent training, the emergence of Canadian expertise and excellence in AI, the development of start-ups and SMEs, and the implementation of AI in sectors across the economy.”
— Hélène Desmarais, Co-Chair of the Board of Directors, SCALE AI
Twelve projects representing investments of over $50 million
Improving Save-On-Foods’ supply chain through AI-based demand forecasting
Partners: Save-On-Foods, D-Wave Systems, ThoughtsWin Systems, White Box Analytics, OpsGuru, Deloitte
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Canard Bleu
Partners: Flybits, TD Bank Group, CEVA Freight Canada Corp., mimik, Toronto Metropolitan University
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The DAL-IA
Partners: Logibec, CHUM, Moov AI, Chair in Analytics and Logistics in Healthcare (HANALOG)
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AI for exploration and development of critical raw materials
Partners: Enersoft (GeologicAI), Kirkland Lake Gold, Casino Mining Corporation, Fireweed Zinc, Tech-X Resources, Yukon Geological Survey, Ontario Geological Survey
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Prediction and optimization of rental assets stock and transportation
Partners: Simplex Equipment Rental, Mind in a box, CGI, Maya HTT, Équipements Mathieu, Construction Bugère
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Project Galactic
Partners: Ravel by CF, Coveo Solutions Inc., Gensquared Inc., Konrad Group Inc., Matt and Nat SE, The Silver Mountain LTD, QE Home | Quilts Etc., Ann-Louise Jewellers Ltd.
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Apollo.AI
Partners: Ray-Mont Logistics International, Volume Freight, IVADO Labs, Faimdata
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Supply chain optimization platform
Partners: Adastra, Taiga Building Products, Standard Building Supplies
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Self-learning route optimization
Partners: Routific Solutions, Flashbox, Flourist
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Supply chain insights & optimization
Partners: AMG Medical, KPI Digital, Alpine Pacific Agencies, GDK Marketing Inc
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AI-powered vehicle operations suite
Partners: Canada Drives,Canadian Black Book, Infostrux Solutions, UBC Sauder School of Business, ProCogia
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ML tool for supply policies
Partners: Logistik Unicorp, Inmind Technologies, SimWell, Ville de Montréal, Dristex, Polytechnique Montréal
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