Chata Technologies raises $4.5 million, announces commercialization of new product BetaKit

Calgary-based Chata Technologies, which has developed a cloud-based conversational application allowing users to access, search, and analyze their business data through natural language, has raised a $4.5 million CAD seed round. "It's been very exciting to see the vast potential and profound implications of Conversational AI-based data interactions." The funding was raised from undisclosed local investors, with the round officially closing in August. The new capital will be put towards the research, development, and implementation of Chata Technologies' new product, Data Messenger, currently under the name Chata.io. Chata Technologies claims that the product is the first conversational interface designed specifically for data query and analysis.