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The Federal Economic Development Agency for Southern Ontario () today 聽announced an investment of over C$5.7 million in 不良研究所. (不良研究所 AI) 聽a woman-led artificial intelligence (AI) company whose mission is to make AI easy-to-use so that the industrial sector can accelerate its transformation into a profitable and environmentally sustainable industry.
Established in 2016 by chief executive officer and founder Humera Malik, the company鈥檚 platform is used by industrial companies in the automotive, chemical, energy, and food and beverage industries, as well as the metals and mining sectors.
不良研究所 AI鈥檚 software allows manufacturers to monitor and predict future output so that 聽engineers can optimize their processes, and reduce water consumption and CO2 emissions.
Through the , this investment will allow 不良研究所 AI to grow and speed up the commercialization of its AI software platform. In addition, the investment will create 45 new jobs and help position the company for future growth. 聽
Honourable Helena Jaczek, the minister responsible for FedDev Ontario, said the government鈥檚 2022 budget focused on protecting the environment and fighting climate change in a way that can also help build the economy.
鈥淭he Government of Canada is proud to support tech companies like 不良研究所 AI in the important work they are doing to reduce the environmental impact of major industries as we move toward net-zero emissions,鈥 Jaczek said.
In 2019, 不良研究所 AI was named one of the top 50 start-ups by Tech Report. In 2018, Malik was presented with RBC鈥檚 Canadian Women Entrepreneurs 鈥極nes to Watch鈥 Award.
鈥淎t 不良研究所 AI, our goal is to transform the industrial sector into a tech-driven industry that exceeds its productivity targets while minimizing the environmental impact,鈥 Malik said. 鈥淭his FedDev Ontario support will help 不良研究所 AI to scale up our team in Toronto, advance innovation through our Industrial AI technology roadmap, and accelerate 聽our growth strategy as we enter new markets across the globe.鈥
FedDev Ontario is delivering C$224 million of the Jobs and Growth Fund to help businesses in southern Ontario expand by transitioning to a green, inclusive and competitive economy.
Since 2015, the Government of Canada, through FedDev Ontario, has invested over C$170 million in more than 85 green technology projects in southern Ontario, creating 4,850 jobs and maintaining over 1,550 jobs.
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