# Fiddlehead Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fiddlehead-technology

- Industry: Software
- Headquarters: Moncton, Canada
- Website: www.fiddlehead.io
- Total disclosed funding: $1.8M
- Latest round: Seed (Apr 14, 2016)
- Investors on record: 3

## About

Fiddlehead Technology Inc., based in Canada, specializes in AI-driven data insights that empower businesses to optimize operations, enhance security, and identify growth opportunities within their data.Founded in 2013, Fiddlehead Technology Inc. operates from Moncton, Canada, focusing on AI-powered analytics solutions. The company has successfully raised USD 1.80 mn in its most recent funding round, the Seed round, led by Build Ventures, New Brunswick Innovation Foundation, and East Valley Ventures. Shawn Carver serves as both CEO and founder, guiding the company's strategic direction and growth. Fiddlehead has completed two deals to date, with its latest deal occurring on February 1, 2021.Fiddlehead Technology focuses on providing AI-powered data insights that enable businesses to leverage their data as a strategic asset. The company's core offerings include advanced analytics, artificial intelligence solutions, and automation tools designed to extract actionable insights from complex data sets. These products aim to optimize operational efficiency, enhance supply chain security, and identify new growth opportunities for clients, particularly in sectors such as trucking and logistics. By providing tailored solutions that address industry-specific challenges, Fiddlehead serves a diverse client base, including some of the largest brands in the world. The solutions are marketed primarily to North American industries, particularly in the United States and Canada, allowing companies to navigate rising cross-border security concerns effectively.Fiddlehead Technology generates revenue through a business model centered around B2B partnerships, providing subscription-based access to its suite of data analytics and AI-driven services. Clients typically engage in structured agreements that may include periodic licensing fees for software usage or access to specific data insights. Transactions with clients often involve tailored solutions that align with their operational needs, ensuring they receive relevant and impactful analytics to improve their business performance. Fiddlehead's offerings, which include flagship products that streamline logistics and enhance shipment security, are priced to reflect the unique value they provide to their users, ensuring a competitive edge within their target markets. Specific pricing plans and transaction details are structured to accommodate the varying needs of different sectors, thereby facilitating long-term engagements with clients.Fiddlehead Technology plans to utilize its most recent funding from February 2021 to support expansion and the hiring of new data scientists and data engineers at its Moncton office. The company is looking to design and launch new products to enhance its analytics capabilities and plans to enter additional markets within North America by the end of 2023.

## Funding rounds

- Seed, Apr 14, 2016, $1.8M — East Valley Ventures, New Brunswick Innovation Foundation, Build Ventures

## Investors

- East Valley Ventures (https://capitalatlas.ai/funds/east-valley-ventures) — Seed
- New Brunswick Innovation Foundation (https://capitalatlas.ai/funds/new-brunswick-innovation-foundation) — Seed
- Build Ventures (https://capitalatlas.ai/funds/build-ventures) — Seed