# Mercator AI

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

- Industry: Information Services
- Headquarters: Calgary, Canada
- Website: www.mercator.ai
- Total disclosed funding: $3.8M
- Latest round: Seed (Mar 21, 2023)
- Investors on record: 5

## About

Founded in 2021 by its CEO, Chloe Smith, and COO, Hogan Lee, and based in Calgary, Canada, Mercator AI Inc. operates as a business support service company that offers decision-making solutions to businesses through data points. In March 2023, Mercator AI Inc. raised USD 3.75 million in seed funding co-led by new investors Freestyle Ventures and Builders VC, with participation from another new investor Zacua Ventures. Returning investors  Standup Ventures and The51 Ventures and individual investors also participated in the round.

The company offers various information services that include insights for general contractors technical, and material suppliers, engineering firms, architects, trades, and many more. The company provides artificial intelligence-based software that helps companies with decision-making.

The company plans to use the March 2023 funding to enhance its product offerings, expand its solutions to business development, operations, and marketing professionals across construction, real-estate, and manufacturing and accelerate its US and Canadian market reach.

## Funding rounds

- Seed, Mar 21, 2023, $3.8M — Freestyle VC, Builders VC, StandUp Ventures, 51 Ventures, Zacua Ventures

## Investors

- Freestyle VC (https://capitalatlas.ai/funds/freestyle-vc) — Seed
- Builders VC (https://capitalatlas.ai/funds/builders-vc) — Seed
- StandUp Ventures (https://capitalatlas.ai/funds/standup-ventures) — Seed
- 51 Ventures (https://capitalatlas.ai/funds/51-ventures) — Seed
- Zacua Ventures (https://capitalatlas.ai/funds/zacua-ventures) — Seed