Empowering industrial workforces with AI to improve profitability and achieve net-zero carbon targets.
September 6, 2018, TORONTO: Canvass Analytics, a provider of AI-enabled predictive analytics for the Industrial Internet of Things, is pleased to announce that it has been named as one of the 20 most innovative companies in Canada and inducted in the 2018 CIX Top 20 program. The CIX Top 20 program is run by the Canadian Innovation Exchange (CIX), Canada’s largest national showcase of the hottest and most innovative tech companies. Selected from hundreds of submissions, the CIX Top 20 represent game changing companies that have demonstrated outstanding product quality, innovation, market opportunity, depth of management and business model.
This latest award reinforces the Canvass Analytics’ accelerating momentum in the market, following the recent announcement that Gradient Ventures’ made its first lead investment in Industrial analytics with the Toronto-based company. Gradient Ventures is Google’s AI-fund that was established to accelerate innovation in AI.
Humera Malik, CEO of Canvass Analytics commented:
“The Canadian tech market is booming with innovation and we are proud to be selected as one of the top 20 companies by the CIX panel. This recognition further validates our strategy and approach to disrupting the industrial sector with our AI platform.”
Founded in 2016, Canvass Analytics provides an automated AI-powered analytics platform that continuously identifies operational improvements up to 12 times faster than any other solution. Its customers include Fortune 500 industrial companies across the automotive, aerospace, energy, and food and agriculture industries.
Lauren Linton, Executive Director of CIX commented:
“On behalf of the CIX Selection Committee, I congratulate Canvass Analytics’ induction into the CIX Top 20 program. It joins an elite list of hot Canadian tech companies that have made up the CIX Top 20 over the past decade. We look forward to seeing it continue to fly the Canadian flag of innovation, excellence and global competitiveness.”
The CIX Top 20 is judged by the CIX Selection Committee, which comprises of Canada’s leading technology and innovation experts, academics, venture capitalists and entrepreneurs from organizations such as the Business Development Bank of Canada, Sidewalk Labs, CIBC Innovation Banking and MaRS IAF.