Element AI raises $102 million to help companies use machine learning

Element AI, a Montreal-based studio that tackles problems using machine learning systems, announced a whopping $102 million in funding today. Data Collective led the round, which is one of the largest series A rounds for an AI company to date. The big check offers a massive war chest to Element, which connects businesses with machine learning experts who work to solve any problems they may have. Thanks to the new funds, Element AI will be able to expand its physical footprint. The company is opening offices in Toronto and Asia, according to Jean-François Gagné, the company's cofounder and CEO.