MONTREAL, June 4, 2024 /CNW/ - SCALE AI, Canada's AI Global Innovation Cluster, is announcing a major financing round with $96 million in total investments to support 22 artificial intelligence (AI) projects in key sectors such as life sciences, retail, manufacturing, transportation and logistics, and agriculture. Each initiative announced today aims to enhance efficiency, safety, and operational excellence thanks to AI-powered services and solutions, further advancing applied AI expertise in the country, to the benefit of the entire Canadian economy.
In a concerted effort to elevate national productivity and tackle Canada's most pressing societal and economic challenges, AI emerges as a powerful tool to enhance our resource management. The projects selected by the SCALE AI team have been chosen for their potential to deliver concrete economic and human benefits and intellectual property advancements for the players involved and for the Canadian AI ecosystem. From improving supply chain logistics to advancing healthcare outcomes, the technological advances resulting from these projects are set to redefine industry standards and create tangible benefits for businesses and consumers alike.
This is one more step towards the creation of products by Canada's leading AI providers to accelerate the adoption of AI products here and internationally. By focusing on SMEs, SCALE AI addresses the importance of stimulating domestic AI demand and reinforcing Canadian AI sovereignty amidst international competition.
The Honourable François-Philippe Champagne, Canada's Minister of Innovation, Science and Industry, says: "Artificial intelligence is one of the greatest technological transformations of our age, and the variety of projects being announced today demonstrates why the Canadian AI ecosystem is among the best in the world. These projects are providing Canadians with the tools they need to harness the power of AI, while ensuring the technology is safe and secure."
Julien Billot, CEO, SCALE AI, explains: "The Scale AI team has diligently crafted a suite of promising use cases within our AI ecosystem, fortifying our prowess and propelling Canada to the forefront of the global AI arena. Our initiatives not only showcase our innovative spirit but also signal a future rich with potential, as we continue to unlock groundbreaking opportunities in artificial intelligence."
Hélène Desmarais, Co-Chair of the Board of Directors, SCALE AI, adds: "The projects supported by SCALE AI are not just about technological advancement; they're a catalyst for job creation and economic growth, opening up new opportunities for skilled employment in the Canadian AI sector. We are proud to be the best ally for accelerating the adoption of AI by both large and small Canadian companies, and we envision a future where artificial intelligence not only drives economic growth but also fosters an inclusive and innovative society."
22 new projects representing investments of $96 million
To learn more about the projects, click here.
→ NavTrax: AI-enabled forklift automation and collision avoidance Partners: Foxfire Labs, Johnston Heavy Machinery, Qaskail Systems, Liftow, Royal Canadian Steel, The Design Quantum |
SCALE AI investment: $3.5 million Total investment: $8.8 million |
→ AI Enabled Control Tower for End-To-End Supply Chain Visibility and Support Partners: Cavendish Farms, Deloitte, Nuvoola AI |
SCALE AI investment: $3 million Total investment: $7.8 million |
→ Optimized de-icing operations Partners: Aeromag 2000, Vooban, Air Canada |
SCALE AI investment: $3 million Total investment: $7.6 million |
→ Pricing and room assignment optimization - cruise and hospitality industries Partners: Plusgrade, IVADO Labs, MSC Cruises, InnVest Hotels |
SCALE AI investment: $2.5 million Total investment: $6.4 million |
→ Leveraging AI for Patient Segmentation and Medication Adherence Forecasting Partners: Bayshore HealthCare, Deloitte, Manifold Data Mining, Architech Solutions Consulting Services |
SCALE AI investment: $1.9 million Total investment: $6.3 million |
→ Smart Replenishment and Smart Capacity Partners: LFL Group, InDro Robotics, Lemay.AI |
SCALE AI investment: $1.9 million Total investment: $5 million |
→ Bottleneck recognition analytics for manufacturing Partners: Pacefactory, Woodbridge, Magna International, FunnelCloud, DSS + Dupont Sustainable Solutions |
SCALE AI investment: $1.9 million Total investment: $4.8 million |
→ NutriVision Partners: Foxfire Labs, Magellan Systems, 503 Farming, Alokozay Distribution, Al-Nasr Groceries |
SCALE AI investment: $1.6 million Total investment: $4.2 million |
→ ADM AI Ramp Fluidity Partners: Aéroports de Montréal, IVADO Labs, Groupe Infynia |
SCALE AI investment: $1.7 million Total investment: $17.6 million |
→ Usage cycle prediction and anomaly detection for electric vehicle fleets Partners: Cleo, Location Brossard, IVADO Labs |
SCALE AI investment: $1.3 million Total investment: $3.4 million |
→ Advanced Planogram Optimization Functionalities Partners: Canadian Tire, IVADO Labs, Cantactix Solutions |
SCALE AI investment: $1.2 million Total investment: $3.1 million |
→ Platform for the North American Supply Chain Business Health and Risk Management Partners: FreshBooks, Bullet Security, Digital Design, IXICA Communications, Sitter Select, MiSCAN Lab (McMaster University) |
SCALE AI investment: $1.2 million Total investment: $2.9 million |
→ Routific II AI-powered Route Optimization Partners: Routific Solutions, Fresh Prep, Lemay.ai, Leis de Buds, Greenhouse Juice Company |
SCALE AI investment: $1 million Total investment: $3.4 million |
→ Improving last mile delivery with AI-generated indoor maps Partners: Mappedin, Shippie, Rogers, Communitech, UniUni |
SCALE AI investment: $0.7 million Total investment: $2.5 million |
→ Project Janus Partners: NOLK, MOOV AI, Spaceful |
SCALE AI investment: $0.9 million Total investment: $2.3 million |
→ WorkSafe AI Partners: OVA, ArcelorMittal Produits longs Canada, Centre for Development and Research in Digital Intelligence (CDRIN) |
SCALE AI investment: $0.7 million Total investment: $2.2 million |
→ AI-Driven Supply Chain Partners: Logistik Unicorp, Inmind technologies, SimWell, Laboratoire en Intelligence des Données (LID-polymtl), Mondou, POLR |
SCALE AI investment: $0.7 million Total investment: $1.9 million |
→ AI-Automated Inspection and Predictive Maintenance of Wireline Cables Partners: Tier 1 Energy, Zetane Systems, DeltaTee Enterprises |
SCALE AI investment: $0.5 million Total investment: $1.6 million |
→ SOLARIS Partners: Enovum Data Centers, FirstBlock, Mind in a Box, Société en commandite Lebourgneuf, Énergir |
SCALE AI investment: $0.6 million Total investment: $1.5 million |
→ AI-enabled Raw Material Characterization for the Drug Manufacturing Supply Chain Partners: Katalyze AI, Sanofi Canada |
SCALE AI investment: $0.3 million Total investment: $0.6 million |
→ Predicting patient risk of hospitalization and re-optimizing Home Care delivery Partners: AlayaCare, CIUSSS NIM, Bien Chez Soi, Polytechnique Montréal |
SCALE AI investment: $1 million Total investment: $2.8 million |
→ Accelerating Canadian Customs Brokerage with Intelligent Document Processing Partners: Mely.ai Solutions, W2C, Mantoria |
Scale AI investment: $0.2 million Total investment: $0.3 million |
As Canada's AI Global Innovation Cluster, Scale AI acts as an investment and innovation hub that accelerates the rapid adoption and integration of artificial intelligence (AI) and contributes to developing a world-class Canadian AI ecosystem. Based in Montreal and funded by the federal government and the Quebec government, Scale AI works with more than 500 industry partners, research institutes, and other players in the field of AI. The organization develops programs to support investments in companies that implement real-world applications of AI and encourage the emergence of future Canadian flagships in the sector, all while facilitating the development of a highly skilled workforce.
SOURCE Scale AI
Eric Aach, [email protected] | 514-569-3594
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