# Canvass Analytics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/canvass-analytics

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.canvass.io
- Total disclosed funding: $21M
- Latest round: Series A (Aug 9, 2022)
- Investors on record: 8

## About

Canvass Analytics Inc. specializes in providing a Knowledge AI platform that converts disparate information into actionable insights, enhancing decision-making across various industries such as manufacturing, healthcare, and finance.Canvass Analytics Inc. was founded in 2016 and is headquartered in Toronto, Canada. The company offers a Knowledge AI platform that helps organizations manage information more effectively. Humera Malik, the CEO and founder, has a background in technology and has previously founded other ventures. In August 2022, the company raised USD 7.73 mn in Series A funding led by Yamaha Motor Ventures, contributing to a total of USD 7.73 mn raised.Canvass AI provides a Knowledge AI platform designed to transform scattered information into actionable insights, enhancing decision-making processes across various industries. The core offerings include tailored AI Assistants that cater specifically to the needs of sectors such as manufacturing, healthcare, finance, government, and oil & gas. These solutions facilitate real-time data retrieval and analysis, ensuring that users access validated, accurate information without the need for extensive AI expertise or training. The AI Assistants are engineered to directly integrate with existing enterprise ecosystems, allowing for seamless extraction of knowledge and immediate application within familiar tools. Canvass AI's products are deployed both on-premises and in secure cloud environments, ensuring full organizational control over data. The company serves a diverse client base, including businesses and government entities in North America, Europe, and Asia-Pacific, addressing complex operational challenges through enhanced information management.Canvass AI's revenue model is primarily centered around subscription-based services for its Knowledge AI platform, which offers various deployment options tailored to client needs. Revenue is generated through partnerships with organizations that seek to optimize their operational efficiency using AI-driven insights. Transactions typically involve multi-year agreements where clients subscribe to access the suite of AI Assistants, which include specialized tools for compliance, technical documentation, and risk management. Pricing structures are designed based on the scale of deployment and specific industry requirements, reflecting the complexity and customization of the services provided. The flagship offerings of the platform are characterized by their ability to significantly improve turnaround times and compliance rates, providing measurable value to clients across multiple sectors.In August 2022, Canvass Analytics Inc. raised USD 7.73 mn in Series A funding, which is expected to support the company's expansion plans. The funding will be utilized to enhance operations and develop new products that cater to evolving client needs. Canvass Analytics aims to expand into new markets, particularly targeting growth in the European and Asia-Pacific regions by 2024. The focus will be on launching additional AI Assistants to further streamline decision-making processes for clients across different sectors.

## Funding rounds

- Series A, Aug 9, 2022, $7.7M — Yamaha Motor Ventures
- Series A, Oct 28, 2020, $6.4M — BDC Capital, Export Development Canada, Real Ventures, Yamaha Motor Ventures, Viaduct Ventures
- Seed, Aug 21, 2018, $5M — Real Ventures, Gradient Ventures, Viaduct Ventures, Bedrock Industries
- Seed, Jun 1, 2017, $1.5M — BDC Capital, Real Ventures, Creative Destruction Lab

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Seed, Series A
- Real Ventures — Seed, Series A
- Creative Destruction Lab (https://capitalatlas.ai/funds/creative-destruction-lab) — Seed
- Gradient Ventures (https://capitalatlas.ai/funds/gradient-ventures) — Seed
- Viaduct Ventures — Seed, Series A
- Bedrock Industries — Seed
- Export Development Canada — Series A
- Yamaha Motor Ventures (https://capitalatlas.ai/funds/yamaha-motor-ventures) — Series A