{"id":107649,"date":"2018-11-16T14:45:14","date_gmt":"2018-11-16T19:45:14","guid":{"rendered":"https:\/\/techvibes.com\/?p=107649"},"modified":"2018-11-16T14:59:06","modified_gmt":"2018-11-16T19:59:06","slug":"funding-roundup-knowtions-intelistyle-you-i-tv-ario-mobeewave-logojoy-trufan","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/funding-roundup-knowtions-intelistyle-you-i-tv-ario-mobeewave-logojoy-trufan","title":{"rendered":"Funding Roundup: Knowtions, Intelistyle, You.i TV, Ario, Mobeewave, Logojoy, Trufan"},"content":{"rendered":"

As winter begins to take over the country, the funding deals for Canadian technology remained hot. Clearbanc picked up $70 million USD<\/a>\u00a0earlier this week while North received $24 million<\/a> CAD from the Strategic Innovation Fund. Check out a\u00a0collection of other funding rounds over the past week involving Canadian technology scale-ups.<\/p>\n

Knowtions Research<\/strong><\/p>\n

Toronto-based Knowtions Research<\/a> closed a $5 million Series A funding round led by Information Venture Partners. Alibaba Entrepreneurs Fund also participated in the financing round for the AI company. Knowtions has created an AI platform that enables better use of health data to improve access to health insurance.<\/span><\/p>\n

\u201cWe founded Knowtions to make the world\u2019s health data useful,\u201d said Anthony Lee, Co-founder and CEO of Knowtions. \u201cIn order to do that, we built our foundations in advancing Natural Language Processing (NLP) technology because much of global health data is unstructured and messy. Unlocking these data points enables better predictions on human health and behaviour than ever before.\u201d<\/p>\n

Knowtions will use the funding to scale the delivery of their AI platform, Lydia, and to expand their team of data professionals by hiring machine learning scientists and platform engineers.<\/p>\n

Intelistyle<\/strong><\/p>\n

Intelistyle raised $600,000 in seed funding led by Metavallon VC. Intelistyle is a London-based AI fashion platform operating out of Montreal\u2019s Techstars AI hub. The company\u2019s platform references fashion photography online and uses AI to determine pieces that look good together. <\/span><\/p>\n

\u201cWhat sets us apart is that our AI works with user-generated photography, constantly learns from the latest trends, and then tailors recommendations to each user\u2019s body type, colours and personal style, offering a personalized omnichannel experience with the user\u2019s own clothes or new,\u201d said Kostas Koukoravas, Intelistyle co-founder. \u201cWe\u2019re excited to work with Metavallon VC to develop our technology and expand our service globally.\u201d<\/p>\n

The funding round will be used to further product development and to expand the company\u2019s services in European and American markets.<\/p>\n

You.i tv<\/strong><\/p>\n

You.i TV<\/span><\/a>, an Ottawa-based software startup has received CAD $30 million (USD $23 million) in growth capital led by Causeway Media Partners. You.i TV provides developers and organizations with software tools to streamline cross-platform app development. <\/span><\/p>\n

\u201cWe\u2019ve been on a mission since we started to help developers take control of the fragmented world we live in. Enabling them with the right tools lets them do what they do best – build experiences that matter to users,\u201d said co-founder and CEO of You.i TV, Jason Flick. \u201cThis is just the beginning of shaping the future of all forms of media experiences. We are excited to have Causeway join the team with their well rounded expertise in this space as we reach new markets and build out the community.\u201d<\/p>\n

You.i TV will use the funds to expand their community globally and help the company completely rethink the advertising experience for their consumers.<\/p>\n

Ario<\/strong><\/p>\n

Toronto digital lending company, Ario, has received a $10 million investment from Purpose Financial LP. <\/span><\/p>\n

\u201cThe Ario digital-lending platform was developed to provide digital automated banking solutions for SMEs, a typically underserved segment of the North American financial market,\u201d said Avinash Chidambaram, CEO of Ario. \u201cWe\u2019re supporting incumbent financial firms, technology companies and non-financial firms to enable them to provide easy financing solutions and broader financial products to their clients.\u201d<\/p>\n

Ario will use the investment funds to expand their software services, adding cash management and card issuance capabilities for their enterprise customers.<\/p>\n

Mobeewave<\/strong><\/p>\n

Montreal\u2019s Mobeewave<\/a>, the only provider of contactless mobile payment acceptance solutions that do not require external hardware, has closed a Series B funding round of CAD $21.7 million (US $16.5 million) led by NewAlpha Asset Management and Mastercard with participation from Forestay Capital.<\/span><\/p>\n

\u201cSecuring strategic funding from organizations with a proven track record of supporting innovation, especially financial technologies, will enable Mobeewave to continue to grow, develop new product offerings and business partnerships,\u201d said Maxime de Nanclas, co-founder and COO of Mobeewave. \u201cThis financial backing has also brought us one step closer to realizing our goal of making payment acceptance an option for everyone.\u201d<\/p>\n

The funding will promote Mobeewave\u2019s growth and expansion strategy, expand the company\u2019s employee base and support the payment platform deployment.<\/p>\n

Logojoy<\/strong><\/p>\n

AI-powered design platform, <\/span>Logojoy<\/span><\/a>, has raised CAD $6 million (USD $4.6 million) in Series A funding led by Real Ventures with participation from Flybridge Capital.<\/span><\/p>\n

\u201cWe estimate the SMB design market to be nearly $12 billion USD a year, with logo design representing about $1.5 billion,\u201d said Logojoy\u2019s co-founder and CEO, Dawsome Whitfield. \u201cWe\u2019re excited that this funding will allow us to further our research into generative AI to create original design assets and graphics so that using Logojoy feels like working with a brilliant graphic designer.\u201d<\/p>\n

Logojoy will use the funding to grow its team, with a focus on hiring data scientists and developers.<\/p>\n

\u201cIn the short-term, Logojoy will start showing users AI-designed fonts and symbols drawn with the deep learning models we\u2019ve developed,\u201d said Rares Crisan, co-founder and CTO of Logojoy. \u201cLonger term, we plan to roll out this technology to all forms of business design, whether it\u2019s an image for a display ad, a social media post, or a menu.\u201d<\/p>\n

Trufan<\/strong><\/p>\n

Vancouver SaaS company, <\/span>Trufan<\/span><\/a>, has raised CAD $500,000 from a group of angel investors including Kyle Kuzma, Davon Reed, Manny Padda, Michele Romanow, Andrew D\u2019Souza, Jason Robins, Jake Ratner, Brian Poe Llamanzares, Eagle Rock Wealth Management, and Austin and Trevor Eastman.<\/span><\/p>\n

Trufan provides a platform for brands to reward their top fans, using a proprietary algorithm to identify a user\u2019s most engaged followers on social platforms. Trufan\u2019s hope is to advance marketing capabilities for entrepreneurs and SMB\u2019s in Canda.<\/p>\n

\u201cMany cities don\u2019t do the best job of profiling some of the incredible companies that have been born on Canadian soil,\u201d said Swish Goswami, co-founder of Trufan. \u201cWe want to let people know that it\u2019s never been better to build a company in Canada.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

As winter begins to take over the country, the funding deals for Canadian technology remained hot. Clearbanc picked up $70 million USD\u00a0earlier this week while North received $24 million CAD from the Strategic Innovation Fund. Check out a\u00a0collection of other funding rounds over the past week involving Canadian technology scale-ups. Knowtions Research Toronto-based Knowtions Research […]<\/p>\n","protected":false},"author":76295,"featured_media":107438,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[3280,3279,3278,1513,2797,3281,2953],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-107649","magazine","type-magazine","status-publish","has-post-thumbnail","hentry","category-News","tag-ario","tag-intelistyle","tag-knowtions","tag-logojoy","tag-mobeewave","tag-trufan","tag-you-i-tv"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/107649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/76295"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/107649\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media\/107438"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=107649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=107649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=107649"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=107649"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=107649"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=107649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}