C2RO Raises $2.25 M Financing to Commercialize Portfolio of Enterprise Grade Cloud A.I. Services - C2RO

Montreal-based C2RO today announced that it has secured CAD$2.25 Million in new financing in a round led by Fonds Innovexport, with participation from GCI Capital Inc., Harbor Street Ventures, Tandemlaunch, Ministere de Economie et L'Innovation, and several angel investors in Canada, the U.S. and Europe. The funds will be used to accelerate the commercialization of C2RO's powerful enterprise grade cloud A.I. services. "We led the investment in C2RO because it has an excellent execution team, a significantly expanding Tier1 customer base, and a formidable technology position in the field of real-time machine vision A.I.," said Richard Bordeleau, President at Fonds Innovexport. "C2RO will have a tremendous impact on the industry and we want to support them through this journey." In June of 2018, the company introduced C2RO Engage, the world's first real-time cloud based facial recognition platform.