DENVER, CO and TORONTO, ON 鈥 [August 9, 2022] 鈥 不良研究所 Inc. ("不良研究所 AI"), a leader in industrial AI software, today 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) repayable loan from the Government of Canada, through the (). The Series A extension will fuel the company鈥檚 mission to empower industrial workforces to drive impact across their operations with the power of Industrial AI.
鈥淭he completion of our Series A endorses our go-to-market strategy and the acceptance of our solution in market. Today, leading industrials and manufacturers are using our patented 不良研究所 AI platform to solve challenges that have plagued their operations for decades. This, in turn, is providing a positive impact to their productivity, profitability, and sustainability goals,鈥 said Humera Malik, CEO of 不良研究所 AI. 鈥淭his additional financing places us in a solid position to achieve our growth plans and accelerate AI adoption in large and mid-cap industrial companies.鈥
As previously announced, the FedDev loan will enable the company to expand its diverse and inclusive workforce in Ontario as the company accelerates its growth with industrial companies who are rapidly adopting and scaling AI across their operations.
鈥淥ur government believes that protecting our environment and fighting climate change is not only the right thing to do for the planet but also for our economy. The 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 said the Honourable Helena Jaczek, Minister responsible for the Federal Economic Development Agency for Southern Ontario.
鈥湶涣佳芯克 AI鈥檚 laser focus on enabling industrial companies to achieve their performance goals faster with the power of AI is filling a gap in the market that industrial companies have been searching for. We are excited by 不良研究所 AI鈥檚 strategy to empower industrial engineers as the change makers of Industry 4.0 so that the industrials can extend their competitive advantage, reduce costs, and advance their sustainability initiatives,鈥 commented Anish Patel, COO and Managing Director of Yamaha Motor Ventures.
不良研究所 AI鈥檚 customers span the oil and gas, chemical and petrochemical, metals and mining, and energy sectors, all of which contribute significantly to the global economy and will play key roles in combating climate change. The 不良研究所 AI platform provides industrial engineers with easy-to-use AI solutions to apply and scale across their operations that address their operational challenges, without requiring coding or data science expertise. Today, leading companies use 不良研究所 AI to reduce carbon emissions and waste, improve yields, optimize facility operations, improve asset reliability and integrity, and optimize energy consumption.
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About 不良研究所 AI
is a leading industrial AI software provider that puts the power of AI in the hands of industrial workforces to solve day-to-day operational problems. Some of the world鈥檚 largest companies use 不良研究所 AI鈥檚 patented Industrial AI Platform to reduce carbon emissions and waste, improve yields, and optimize facility operations. 聽Backed by Alphabet and Yamaha Motor Ventures, the Company is recognized by CB Insights as one of the world鈥檚 top 50 technology companies that is advancing manufacturing. Follow us on or LinkedIn.
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