Canvass AI is a global leader in AI industrial software. Its patent-pending technology enables intelligent industrial operations by putting AI directly in the hands of plant operators - empowering them with data-driven insights to improve production processes and optimize assets – without requiring coding skills. Developed specifically for the industrial sector, Fortune 5000 companies use Canvass AI to optimize production processes, generate new revenue streams, and reduce energy and operating costs. Funded by Alphabet’s Gradient Ventures and Yamaha Motor Ventures, Canvass’ customers include leading manufacturing and energy companies globally. For more information, visit www.canvass.io.
Location: Canada, Ontario, Toronto
Employees: 11-50
Total raised: $25.73M
Founded date: 2016
Investors 5
| Date | Name | Website |
| - | Yamaha Mot... | yamahamoto... |
| 01.06.2021 | Creative D... | creativede... |
| - | Gradient V... | gradient.c... |
| - | Real Ventu... | realventur... |
| - | BDC | bdc.ca/ |
Funding Rounds 3
| Date | Series | Amount | Investors |
| 09.08.2022 | Series A | $14.23M | - |
| 28.10.2020 | Series A | $6.5M | - |
| 21.08.2018 | - | $5M | Gradient V... |
Mentions in press and media 17
| Date | Title | Description |
| 02.05.2024 | Canvass AI CEO, Humera Malik, Leads AI Discussions at AIM Congress in Abu Dhabi | Canvass AI CEO, Humera Malik discusses Industry 4.0 and Industrial AI at the 2024 AIM Congress, May 7-9 in Abu Dhabi, UAE. Unveils MONET, a Breakthrough in Industrial Data Discovery at Event Canvass AI solutions serve the very industries an... |
| 13.03.2024 | Canvass AI Launches Heat Exchanger Fouling Management Solution Delivering Refiner Annual Savings of More Than US$5M | Dashboard for the Canvass AI Heat Exchanger Fouling Management solution, which uses AI to analyze the entire heat exchanger network all at once. Heat exchanger fouling is a very common and costly problem in industrial processes, with one st... |
| 06.02.2024 | US Food Ingredient Leader Improves Production to Yield New Revenue by Using Canvass AI | The Canvass AI Dryer Moisture Optimization (DMO) solution can be quickly applied to accurately predict and manage moisture content across many different types of industrial dryers. New Dryer Moisture Optimization Solution Helps Operators Ma... |
| 07.12.2023 | Canvass AI with Microsoft Azure OpenAI Provides Copilot Capabilities to Build Repeatable Industrial AI Solutions | Canvass AI now integrates Generative AI copilot capabilities to empower industrial engineers with unparalleled ease of use. Integration of AOAI Delivers Empowered User Experience, Unparalleled Ease of Use Canvass AI software introduces grou... |
| 09.08.2022 | Canvass AI Closes US $14.23M Series A Extension Funding | Canvass Analytics Inc. (Canvass AI), a Toronto, Ontario, Canada-based provider of an industrial AI software platform, raised $14.23M in Series A extension funding. The round includes an extension of US $7.73m, led by Yamaha Motors Ventures,... |
| 09.08.2022 | Canvass AI Accelerates Expansion with Completion of US $14.23 Million Series A Funding | Canvass Analytics Inc., a leader in industrial AI software, announced the completion of its previously reported Series A financing with an extension of US $7.73 million, led by Yamaha Motors Ventures and a CDN $5.7 million (US $4.43 million... |
| 28.10.2020 | Canvass Analytics closes $6.5 Million Series A Funding Round Led by Yamaha Motor Ventures | SILICON VALLEY, Calif.–(BUSINESS WIRE)–October 28, 2020– Yamaha Motor Ventures & Laboratory Silicon Valley, Inc. (Yamaha Motor Ventures), the strategic business development and investment arm of Yamaha Motor Co., Ltd. (Tokyo: 7272), tod... |
| 28.10.2020 | Canvass Analytics raises $8.5 million CAD as it gears up for “aggressive” global expansion | Toronto-based Canvass Analytics, which offers artificial intelligence-enabled industrial software, has raised an $8.5 million CAD ($6.5 million USD) Series A round of financing. This latest round brings the company’s total funding to date t... |
| 28.10.2020 | Canvass AI Raises $6.5M in Series A Funding | Canvass Analytics, a Toronto, Canada-based industrial AI company, closed US$6.5m Series A funding round. The round, which brought the total investment to date to US$13m, was led by Yamaha Motor Ventures and Laboratory Silicon Valley, Inc., ... |
| 28.08.2018 | Daily funding roundup - August 28, 2018 | Andreessen Horowitz leads VGS's funding; Canvass Analytics raised $5M to explore AI applications Very Good Security: Very Good Security (VGS) is a data security company founded in 2015 by established and driven entrepeneurial engineers, Mah... |
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