Stradigi AI raises $40.3 million to develop business AI solutions

Stradigi AI, a Montréal-based AI solutions provider and research lab founded in 2014, today announced that it has raised $53 million CAD ($40.3 million) in a series A round led by Canadian institutional funds Investissement Québec and Fonds de solidarité FTQ, with participation from Holdun Family Office, Segovia Capital, Cossette, and company cofounders Basil Bouraropoulos and Curtis Gavura. CEO Bouraropoulos said the influx of capital will accelerate Stradigi's North American expansion, which will include new offices in the U.S., with 50 new positions in research, software, sales, and marketing. Additionally, he says it will bolster development of the firm's freshly unveiled AI platform, Kepler, on the heels of a recently announced partnership with professional services network KPMG. "Investissement Québec and the Fonds de solidarité FTQ, in addition to all the other amazing investors that contributed to this financing, are great partners for Stradigi AI," said Bouraropoulos. "As two of the most respected institutional funds in Canada, with diverse portfolios and deep experience with preparing companies for international growth, IQ and the Fonds will bring tremendous value as we execute our strategy to become one of the top three leading platforms in North America." It's built on an adaptable environment that leverages a software-meets-service model, where guidance from Stradigi's research scientists is provided in tandem with solutions deployed via a secure service.