Element AI: Raises $151M on a $600-700M valuation

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Element AI: Raises $151M on a $600-700M valuation

Element AI: Raises $151M on a $600-700M valuation to help companies build and run AI solutions

  • The startup has raised a big round of funding to help those that are not technology businesses
  • Element AI, the very well-funded, well-connected Canadian startup that has built an AI systems
  • The company did not disclose its valuation in the short statement announcing the funding
  • The funding is being led by Caisse de dépôt et placement du Québec (CDPQ)
  • Element AI opened for business from the start as a kind of “AI shop” for the latter kinds of enterprises