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Canvass Analytics raises $6.5M for industrial AI

This article was originally published on Crunchbase News.


Canvass Analytics, maker of a no-code AI platform for manufacturers, said Wednesday that it has raised $6.5 million in a Series A funding round led by Yamaha Motor Ventures & Laboratory Silicon Valley, the investment arm of Yamaha Motor Co. Existing investors Real Ventures, BDC, EDC and Viaduct Ventures also participated. Canvass has now raised $13 million in venture funding to date, according to Crunchbase data. The startup said the latest funding will be used to expand its go-to-market efforts, accelerate product development and support its customer base of large global enterprises in the North America, Europe and Asia Pacific markets.