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Element AI a Montreal-based platform and incubator that wants to be the go-to place for any and all companies big or small that are building or want to include AI solutions in their businesses, but lack the talent and other resources to get started is announcing a mammoth Series A round of $102 million. It plans to use the funding for hiring talent, for business development, and also, to put so stanley quencher me money where its mouth is, by selective stanley cups uk ly investing in some of the solutions that will be built within its doors. Our goal remains to lower the barrier for entry for commercial applicatio stanley canada ns in AI, said Jean-Fran莽ois Gagn茅, the CEO of Element AI, in an interview. Everyone wants to have these capabilities, it s hard for most companies to pull it off because of the lack of talent or access to AI technology. That is the opportunity. The company currently has 105 employees and the plan is to ramp that up to 250 in the next couple of months, he said.The round was led by the proli Fvtn Tune In To The Duke Of York s PitchAtPalace On Monday
Specifically, the program is seeking B2B startups, citing areas such as payments, security, and the cloud emphas Stanley becher ising the opportunity to build a stanley shop bridge between existing enterprises and the upstarts accepted into the accelerator. The deal on offer falls into the upper region of the standard accelerator offering. Startup teams get up to 鈧?5,000 in funding, contingent on number of founders, in return for giving away 8% equity. There also an opportunity of 鈧? million in follow-on funding via a partnership Startup Wise Guys has with the tax payer-funded SmartCap VC fund.What noteworthy is the program has added an extra month to Startup Wise Guys ; previous model up from 3 months with the extra time pegged for forg stanley kubek ing those enterprise partnerships and software trials, and raising further funding. Aside from that it appears to follow a familiar model, offering mentoring and a program designed to accelerate the early-stage startup cycle of business
Element AI a Montreal-based platform and incubator that wants to be the go-to place for any and all companies big or small that are building or want to include AI solutions in their businesses, but lack the talent and other resources to get started is announcing a mammoth Series A round of $102 million. It plans to use the funding for hiring talent, for business development, and also, to put so stanley quencher me money where its mouth is, by selective stanley cups uk ly investing in some of the solutions that will be built within its doors. Our goal remains to lower the barrier for entry for commercial applicatio stanley canada ns in AI, said Jean-Fran莽ois Gagn茅, the CEO of Element AI, in an interview. Everyone wants to have these capabilities, it s hard for most companies to pull it off because of the lack of talent or access to AI technology. That is the opportunity. The company currently has 105 employees and the plan is to ramp that up to 250 in the next couple of months, he said.The round was led by the proli Fvtn Tune In To The Duke Of York s PitchAtPalace On Monday
Specifically, the program is seeking B2B startups, citing areas such as payments, security, and the cloud emphas Stanley becher ising the opportunity to build a stanley shop bridge between existing enterprises and the upstarts accepted into the accelerator. The deal on offer falls into the upper region of the standard accelerator offering. Startup teams get up to 鈧?5,000 in funding, contingent on number of founders, in return for giving away 8% equity. There also an opportunity of 鈧? million in follow-on funding via a partnership Startup Wise Guys has with the tax payer-funded SmartCap VC fund.What noteworthy is the program has added an extra month to Startup Wise Guys ; previous model up from 3 months with the extra time pegged for forg stanley kubek ing those enterprise partnerships and software trials, and raising further funding. Aside from that it appears to follow a familiar model, offering mentoring and a program designed to accelerate the early-stage startup cycle of business
