One of the biggest AI companies in Canada is expanding their reach and bringing more talent in.
Rubikloud has unveiled that they will be adding 60 new jobs in Toronto following their $37 million Series B round of funding in early January. The new roles will span several fields and industries such as data science, engineering, sales, operations, finance and marketing, and come in both junior and senior levels.
“The state of the enterprise AI market is nascent, with few companies deploying AI solutions to businesses,” said Kerry Liu, CEO of Rubikloud.
“Rubikloud’s product and platform are ahead of the market, offering tech talent practical AI careers where they can actually build AI applications. We’ve seen a recruiting upticks as analysts and shareholders actively ask companies how they are using AI / ML to improve their bottom lines. Our clients are not funding research projects. They are funding automated production systems.”
As a leading machine learning platform designed for retailers, Rubikloud uses AI to deliver customized and intelligent decision automation for multi-billion dollar businesses. The Toronto company automates and builds on mass promotional planning and loyalty-driven marketing with a built-in-house and cloud-native platform.
Many studies have shown that companies will be forced to integrate some form of AI in order to stay competitive in the retail world, and Rubikloud is helping them stay on course.
“Rubikloud is one of the few AI companies building and deploying practical solutions across the Fortune 500 and moving machine learning from the predictive to prescriptive,” said Karamdeep Nijjar, partner at iNovia Capital. iNovia were investors in Rubikloud’s recent funding round.
“We invested in Rubikloud because we believe they could become a publicly traded billion-dollar company in the next five years and we’re excited to see them hiring aggressively,” added Nijjar.
Rubikloud currently has just over 75 employees, so these new additions will almost double the existing team. The company has earned a total of $45 million in financing so far.
Rubikloud is also nominated for Startup of the Year in the Canadian Innovation Awards. For more info on the event, head here, otherwise tune in to see if they will take home the prize on February 22 in Toronto.