DeepLearning Financial Technologies Inc., dba DeepLearni.ng, has raised $9 million in Series A funding from mutual funds managed by Fidelity Investments Canada.
Co-founded by Stephen Piron, Eric Kin-Ho Lee, Ragavan Thurairatnam, and Vincent F Wong, Toronto based DeepLearni.ng designs, builds and deploys applied AI systems for enterprises.
DeepLearni.ng views this investment as a critical step in its multi-year plan to become the leader in transforming businesses with AI. The timing of the funding also coincides with the company’s plan to scale development of their machine learning platform Frontiers, DeepLearni.ng’s comprehensive machine learning platform built for rapid AI deployment in enterprises. A portion of the funding will also go towards expanding the company’s footprint internationally, in both financial services and other strategic industries.
DeepLearni.ng will immediately begin growing their team, which is currently at 23 people. Headquartered in Toronto, home to The Vector Institute and Geoff Hinton’s pioneering lab at the University of Toronto, the company has a distinct advantage to attract and retain the world’s top talent.
DeepLearni.ng will continue its mission to help enterprises grow their AI capabilities by building sustainable solutions with measurable business impact.
photo credit: DeepLearni.ng