Tech Company Financing Transactions
DarwinAI Funding Round
BDC Venture Capital, Honeywell Venture Capital and iNovia Capital participated in a $6 million Series A funding round for DarwinAI. The round was announced by the company on 12/23/2022.
Transaction Overview
Company Name
Announced On
12/23/2022
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to enhance the system for mass market deployment and ramp up hardware production, as they anticipate serving more customers in 2023.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
Undisclosed
Waterloo ON, N0B 1K0
Canada
Waterloo ON, N0B 1K0
Canada
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
DarwinAI is a cutting-edge Artificial Intelligence startup based in Waterloo, Ontario, Canada. Our technology, stemming from years of scholarship by our academic team from the University of Waterloo, uses 'AI to build AI' in order to: dramatically reduce the size of deep neural networks while maintaining functional accuracy and reducing inference time.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sheldon Fernandez
Chief Operating Officer
Arif Virani
Chief Scientific Officer
Alexander Wong
VP - R & D
Mohammad Shafiee
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