Integrate.ai raises $30 million USD to build the world's largest AI consumer intelligence exchange
Integrate.ai's innovative Trusted Signals Exchange allows businesses to harness consumer intelligence and transform customer experiences without compromising privacy
TORONTO, Sept. 12, 2018 /CNW/ - Integrate.ai, a Toronto-based AI software company, today announced it has raised $30 million USD in Series A funding. The round was led by Portag3 Ventures, with existing investors Georgian Partners and Real Ventures also participating meaningfully. The latest investment values the 20-month-old startup at well over $100 million USD.
Today's consumers want businesses to provide relevant, fair and contextual experiences without compromising privacy. Integrate.ai is building the world's largest Trusted Signals Exchange to help enterprises deliver on that promise to consumers. The company's cloud-based software platform allows enterprises to accelerate their transformation to a more customer-centric operating model and increase revenue and customer loyalty through a combination of easy-to-integrate applications focused on consumer decisions and access to powerful cross-industry intelligence.
Canadian corporate heavyweights including TELUS and Corus Entertainment, among others, are leveraging the software platform to grow their revenues and customer base. Integrate.ai plans to use the funding to aggressively expand its operations and client base in the United States.
Published case studies have shown a strong lift in business results -- a boost of between 23 per cent and 50 per cent -- and continuous improvement through automated and continuous optimization. The company's Trusted Signals Exchange platform is growing exponentially and is already trained on billions of high-value interactions between people and businesses, which enables clients to realize meaningful increases in performance.
"Our focus in this financing round is to work with great people that can add tremendous strategic value as we scale the business. Portag3 has a strong track record in supporting innovative tech companies with a high potential for global impact, and we are thrilled to welcome Paul Desmarais III to our board of directors," said Steve Irvine, founder and CEO of integrate.ai. "Paul and Portag3 bring strategic insights and an extensive network that will help improve our ability to onboard new customers and accelerate revenue growth."
"Expanding the integrate.ai team and extending our reach into the U.S. and other markets will enable us to speed up development of our AI platform, which integrates with existing enterprise tech stacks, and address the tremendous interest in our Trusted Signals Exchange," said Jason Silver, COO of integrate.ai." We offer a compelling career path for top AI and business talent and a commitment to turning cutting-edge research into enterprise applications with a direct impact on our customers' businesses."
"We have seen a proliferation of AI startups, but integrate.ai is unique in its ability to consistently demonstrate measurable revenue lift quickly through a commercialized software platform designed for enterprise needs," said Paul Desmarais III, Executive Chairman of Portag3 Ventures and a Senior Vice President of Power Corporation and Power Financial. "In addition, integrate.ai's proprietary, privacy-preserving signals exchange is exactly what businesses will need going forward to deliver better experiences that consumers can trust in ways that significantly increase business results."
About Integrate.ai
Integrate.ai helps consumer enterprises develop more meaningful relationships with customers using artificial intelligence. Our cloud-based machine learning platform integrates directly into systems of engagement to focus business resources and budget where they will have the greatest impact. Our Trusted Signals Exchange enables enterprises to share insights and learnings about consumer behaviour without leaking competitive IP or compromising consumer privacy. We enable partnerships, collaboration, and a platform for businesses to innovate ethically with AI as we shape our collective future.
About Portag3 Ventures
Portage3 Ventures is an early-stage investor dedicated to backing innovating financial services companies working to benefit all consumers. Exclusively sponsored by Power Financial Corporation, IGM Financial Inc. and Great West-Lifeco Inc., Portag3 gives new ideas a unique environment to grow. Portag3 makes longer-term commitments and, combined with its industry intelligence, is an ideal partner for the ambitious and creative entrepreneur.
SOURCE integrate.ai
Brandi Rees, 416-786-4038 , [email protected]
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