Canvass AI is the first Canadian AI company to feature in Factory Analytics and AI category of the AM 50 report.
TORONTO, Ont. – [July 27, 2022] – Canvass Analytics Inc. ("Canvass AI"), a leader in industrial AI software, today announced it has been named in CB Insights first-annual Advanced Manufacturing 50 ranking, which showcases the 50 most promising private advanced manufacturing companies in the world. Highlighted in the factory analytics and AI category, Canvass AI is the first Canadian AI company to be featured in this section of the AM 50 report.
“Canvass is on a mission to transform the way industrials use data to increase global productivity and protect the planet’s environment. Our focus on making AI accessible to industrial engineers is accelerating adoption of AI across the industrial sector so that they can make impactful contributions to their profitability, efficiency, and sustainability goals every day. I want to congratulate the Canvass team, whose hard work and innovation continues to drive our momentum in the market and has led to another industry recognition today,” said Humera Malik, CEO of Canvass AI.
"This initial cohort of the AM 50 includes a wide range of companies at different stages of maturity, product development, and funding. Collectively, they are working on everything from factory analytics and artificial intelligence to industrial internet of things cybersecurity," said Brian Lee, SVP of CB Insights’ Intelligence Unit. “We’re excited to watch the companies on this year’s list continue to grow and further create operational efficiencies that will have meaningful impact across industries.”
Utilizing the CB Insights platform, the research team identified 50 private market vendors from a pool of over 6,000 companies, including applicants and nominees. They were chosen based on factors including R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed hundreds of analyst briefings submitted by applicants.
Canvass AI’s customers span the oil and gas, chemical and petrochemical, metals and mining, and energy sectors. The Canvass AI platform provides industrial engineers with easy-to-use AI solutions to apply and scale across their operations that address their operational challenges, without requiring coding or data science expertise. Today, leading industrial and manufacturing companies use Canvass AI to reduce carbon emissions and waste, improve yields by proactively managing quality, and optimize energy consumption.
About Canvass AI
Canvass AI is a leading Industrial AI software provider that puts the power of AI in the hands of engineers to drive the data-driven insights they need to augment their expertise and impact profitability and sustainability. Some of the world’s largest industrial companies use Canvass AI to future-proof operations, empower their workforces, and drive net-zero ambitions. Canvass AI’s investors include Yamaha Motors Ventures and Alphabet’s Gradient Ventures.
CB Insights builds software that enables the world's best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit www.cbinsights.com.