Element AI
Company

Last deal

$150.48M
Local Amount - CAD 200M

Amount

Series B

Stage

13.09.2019

Date

3

all rounds

$257.48M

Total amount

date founded

Financing round

General

About Company
Element AI offers machine learning and AI services to various industries.

Industry

Sector :

Subsector :

founded date

25.10.2016

Number of employees

Company Type

For Profit

Last funding type

Series B

IPO status

Private

Description

Headquartered in Montreal, Canada, Element AI was founded in 2016 by Jean-François Gagné. The company has partnerships with major tech companies like AWS, Intel, and Microsoft. In their series A funding round, Element AI raised $102 million from investors such as Intel Capital and Tencent. In their series B funding round, they raised $151 million from investors including McKinsey & Company and Gouvernement du Québec. Element AI focuses on developing AI software products that enhance decision-making and help businesses become stronger and more agile. They also collaborate with academia and play a role in shaping technology policy.
Contacts

Contact Email

Phone number

Social url

Legal Names

Legal name

Element AI Inc.
Sub-Organizations
1

Element AI Capital

Element AI Capital

count Of Investments

1
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M&A Details
1

Transaction name

Acquired by

ServiceNow

announced date

30.11.2020

Financials

Funding Rounds
4
3

Number of Funding Rounds

$257.48M

Money Raised

Their latest funding was raised on 13.09.2019. Their latest investor Nvidia GPU Ventures. Their latest round Series B

Date 
Funding Round 
Investors 
Money Raised 
Lead 
13.09.2019
9
$150.48M
Local Amount - CAD 200M
14.06.2017
3
$102M
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Subsector

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count Of Exists

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Co-Investors
Investors
13
3

Number of lead investors

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Number of investors

Investor 
Lead 
Round 
Partners 
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Naveen Rao

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Acquisitions
1
Acquiree Name 
Date 
Price 
Acquisition Name 
MLDB.ai acquired by Element AI

MLDB.ai acquired by Element AI

acquirer

Element AI
Element AI

date

17.02.2017

type

Acquisition
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People

Founders
7
Philippe Beaudoin
Philippe Beaudoin

Philippe Beaudoin

Philippe is a venture scientist constantly looking for ideas that can improve society. In 2020, he co-founded Waverly where his team and him are building a discovery engine for our increasingly diverse social and content landscapes. Waverly relies on natural language and Empathetic AI to let users connect with their true aspirations. Before that, in 2016, Philippe co-founded Element AI, a world leader in enterprise AI. Philippe holds a PhD from University of Montreal, was a researcher at University of British Columbia and spent the last 20 years honing his technological and leadership skills, including half a decade at Google.

current job

Waverly
Waverly

organization founded

2

Philippe Beaudoin

Anne Martel
Anne Martel

Anne Martel

current job

Element AI
Element AI

organization founded

1

Anne Martel

Gabriel Duford
Gabriel Duford

Gabriel Duford

current job

Element AI
Element AI

organization founded

1

Gabriel Duford

Yoshua Bengio
Yoshua Bengio

Yoshua Bengio

Yoshua Bengio (PhD in CS, McGill University, 1991), post-docs at M.I.T. (Michael Jordan) and AT&T Bell Labs (Yann LeCun), CS professor at Université de Montréal, Canada Research Chair in Statistical Learning Algorithms, NSERC Chair, CIFAR Fellow, member of NIPS foundation board and former program/general chair, co-created ICLR conference, authored two books and over 300 publications, the most cited being in the areas of deep learning, recurrent networks, probabilistic learning,natural language and manifold learning. He is among the most cited Canadian computer scientists and is or has been associate editor of the top journals in machine learning and neural networks.

current job

Université de Montréal
Université de Montréal

count Of Investments

5

Yoshua Bengio

Employee Profiles
111

Meriem Bouziane

Director of financial planning and analysis

Stephane Belair

Head of ai platform

Leslie Jacquet

Executive assistante

Alex-Antoine Fortin

Data analyst

Yves Lostanlen

Managing director emea

Dga Manon Gruaz

Visual - product designer senior

Luis Gonzalez

Luis Gonzalez

Managing Director APAC

Eng Anne Gauthier

Application security program manager

Activity

Recent News
1