Banner Before Header
Browsing Tag

CDPQ-AI Fund

McKinsey Backs Element AI’s $151 Million Series B Funding

A three-year-old Canadian AI technology software maker has scooped $151 million (CAD 200 million) in Series B funding from investors led by global Management Consulting firm, McKinsey & Company, and subsidiary, QuantumBlack. The startup company is – Element AI. They are the makers of ready-to-implement AI Product suite, developed by world-class AI talent. The Series B funding, led by McKinsey & Company, Caisse de dépôt et placement du Québec, QuantumBlack, and Gouvernement du Québec takes Element AI‘s total…