Tech Company Financing Transactions

DarwinAI Funding Round

BDC Venture Capital, Honeywell Venture Capital and iNovia Capital participated in a $6 million Series A funding round for DarwinAI. The round was announced by the company on 12/23/2022.

Transaction Overview

Company Name
Announced On
12/23/2022
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Series A
Proceeds Purpose
The company intends to use the funds to enhance the system for mass market deployment and ramp up hardware production, as they anticipate serving more customers in 2023.

Company Information

Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
Undisclosed
Waterloo ON, N0B 1K0
Canada
Phone
Undisclosed
Email Address
Not Recorded
Overview
DarwinAI is a cutting-edge Artificial Intelligence startup based in Waterloo, Ontario, Canada. Our technology, stemming from years of scholarship by our academic team from the University of Waterloo, uses 'AI to build AI' in order to: dramatically reduce the size of deep neural networks while maintaining functional accuracy and reducing inference time.
Profile
DarwinAI LinkedIn Company Profile
Social Media
DarwinAI Company Twitter Account
Company News
DarwinAI News
Facebook
DarwinAI on Facebook
YouTube
DarwinAI on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Sheldon Fernandez
  Sheldon Fernandez LinkedIn Profile  Sheldon Fernandez Twitter Account  Sheldon Fernandez News  Sheldon Fernandez on Facebook
Chief Operating Officer
Arif Virani
  Arif Virani LinkedIn Profile  Arif Virani Twitter Account  Arif Virani News  Arif Virani on Facebook
Chief Scientific Officer
Alexander Wong
  Alexander Wong LinkedIn Profile  Alexander Wong Twitter Account  Alexander Wong News  Alexander Wong on Facebook
VP - R & D
Mohammad Shafiee
  Mohammad Shafiee LinkedIn Profile  Mohammad Shafiee Twitter Account  Mohammad Shafiee News  Mohammad Shafiee on Facebook


 

 

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Prev: 12/23/2022: Pvmed venture capital transaction
Next: 12/24/2022: Advanced Commerce venture capital transaction

 

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We do our best to report on every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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