Toronto, February 14, 2019 – Canvass Analytics Inc. a global leader in AI software for intelligent industrial operations, is proud to announce that it has been named a ‘Hot Startup to Watch’ in Startup50’s 2018-19 Startup Report. The Big50 2018-19 Startup Report spotlights 50 high-upside startups that have gained a foothold in fast-growth tech sectors. Collectively, the Startups featured in the 2018-19 report have raised nearly $3 billion in total VC funding.
Humera Malik, CEO of Canvass Analytics commented:
“This latest award from Startup50 recognizes the continued dedication of the Canvass team to achieve our vision of empowering intelligent industrial operations across the globe. This award bolsters our commitment to our growth strategy that focuses on increasing our customer footprint, scaling up globally and continuing product development investments in our AI platform.”
Jeff Vance, founder and Editor-in-Chief of Startup50 commented:
“More than 250 startups were considered for the Big50 2018-19. The startups in this report are the ones that have the right combination of attributes, such as funding and named customers, that show they’re ready to compete in a cut-throat market. They are in a good position to follow in the footsteps of recent Big50 alumni, several of which have gone on to raise massive rounds of funding, followed by successful IPOs or high-dollar acquisitions.
Funded by Google’s AI-fund, Gradient Ventures, Canvass Analytics provides an AI-powered intelligent industrial operations platform enabling its customers to improve quality, lower production costs and reduce their energy consumption. Canvass Analytics’ customers include Fortune 500 industrial companies across the manufacturing and Oil and Gas sectors. Canvass Analytics recently announced that Olam, one of the world’s largest agri-businesses, had signed an agreement to utilize Canvass’s platform across its businesses.