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Posted Thursday February 7, 2019


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Investment

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.












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