- Arteria AI, a Toronto-based tech start-up, secures $30 million in a Series B funding round led by GGV Capital.
- Existing investors, including Illuminate Financial, Information Venture Partners, BDC Capital, and Citi, also participated, bringing the total funding to $50 million.
- Arteria AI specializes in financial services-focused AI, automating manual documentation processes in trading, lending, and asset management for improved efficiency and client experience.
- The company’s AI platform extracts and structures valuable data from documents, facilitating real-time data flow and analytics for decision-making.
- Founded in 2020, Arteria AI tripled its recurring revenue in the past year, driven by increasing demand from banks.
- With operations in New York, London, and Toronto, Arteria AI plans to use the funding to further develop its technology and expand its market presence.
