Element AI raises $102 million to help companies use machine learning | VentureBeat
Element AI, a Montreal-based studio that tackles problems using machine learning systems, announced a whopping $102 million in funding today. Data Collective led the round, which is one of the largest series A rounds for an AI company to date.
The big check offers a massive war chest to Element, which connects businesses with machine learning experts who work to solve any problems they may have. Contributors to the round span a variety of sources, including Real Ventures, Development Bank of Canada (BDC), Intel Capital, Microsoft Ventures, National Bank of Canada, NVIDIA, and a wide range of sovereign wealth funds.