Posted Thursday February 7, 2019


FedDev Ontario supports growth of AI technology platform

$882,000 helps IT company to accelerate growth, create skilled jobs and gain North American market share

Artificial intelligence (AI) is transforming industries, opening up more opportunities for businesses and helping to build a stronger, more innovative Canadian economy.

FedDev Ontario contribution of up to $882,000 for Daisy Intelligence, an information technology company that uses a cloud-based AI platform, comprised of proprietary algorithms and theories that enhance its approach to machine learning. The model is capable of analyzing large amounts of data to support strategic business decisions such as product mix selection in the retail industry and identification of fraudulent claims in the insurance industry.

The company’s software-as-a-service platform is generating interest from some of North America’s leaders in the retail and insurance industries, and to stay competitive, Daisy Intelligence must continue to innovate and grow.

FedDev Ontario’s contribution is helping Daisy Intelligence to scale up and increase its presence in both Canada and the United States. In addition, this project would create up to 29 new highly-skilled Science, Technology, Engineering and Mathematics (STEM) jobs in southern Ontario.

 is distributed twice weekly; Tuesday and Thursday

Not a Subscriber? Receive more articles on business issues
Sent directly to your email in-box.

contact us

Publisher is Exchange Business Communication Inc.
No part of this article may be reproduced without written permission from the publisher.
Email Publisher

ISSN 0824-45
Copyright, 2018

Share Your Story: pressrelease @
Expand Your Reach:
advertise @
Publisher: Exchange Business Communication Inc., PO Box 248, Waterloo, Ontario, Canada
Email Editor

Content published on this site represents the opinion of the individual, organization and/or source provider. is a online daily journal of Exchange Business Communication Inc. (1997) Publishers of Exchange Magazine est. 1983. Privacy Policy. Copyright of Exchange produced editorial is the copyright of Exchange Business Communications Inc. 2018. Submitted editorials, comments and releases are copyright of respective source(s).