Daisy Intelligence Corporation, an artificial
intelligence software-as-a-service platform,
captured first place at the
ElevateR Pitch: AI Edition event held in
Toronto on Tuesday Sept 25, 2018
The pitch competition was open to Canadian
corporations working in AI or an adjacent industry
with less than $10 million in revenue or funding.
Selected from an overwhelming volume of
submissions, 16 finalists pitched onstage to a
panel of investors, celebrities, and media
personalities for an opportunity to win $1,000,000
in funding from Espresso Capital.
The stakes were raised considerably when it was
announced that instead of the $1,000,000 funding,
the winner would be receiving a $5 million
investment from Espresso Capital.
The winner of the funding was Daisy
Intelligence.
“This event was a fantastic experience and a
stellar showcase of Canada’s technology startup
community, and as a Toronto-based AI startup, it’s
thrilling to be recognized as one of Canada’s most
promising AI companies,” said
Gary Saarenvirta, Founder & CEO of Daisy
Intelligence. “We look forward to putting the investment to
work in achieving Daisy’s vision, which is to use
math and science to better people’s lives and help
companies make better business decisions.”
The funding will support talent acquisition and
marketing efforts and fuel Daisy Intelligence’s
already strong growth in the very active grocery
segment and expansion into the wider retail
category, as well as supporting the company’s
footprint in the insurance industry.
“The Daisy team are leveraging AI to provide truly
unique and disruptive solutions, and their strong
momentum demonstrates the tremendous and highly
measurable value they are delivering to their
customers,” said Espresso Capital Managing
Director Will Hutchins. “This round of funding is
designed to enable the company to further
accelerate revenue, build scale and increase
enterprise value – without dilution. We are
excited to be supporting the team at Daisy and
look forward to this next chapter in the company's
growth.”
ElevateR Pitch is created by Publicis.Sapient, the
digital business transformation hub of Publicis
Groupe with community partner NextAI, a
Toronto-based accelerator for early or idea stage
AI-enabled startups.
Daisy Intelligence was recently awarded “Best AI Start-Up” at the 2018 AIconics awards, and
earlier this year the company was one of three
vendors designated “Cool Vendors in AI for Retail” by Gartner, Inc.
About Daisy Intelligence
Daisy Intelligence is an artificial
intelligence software-as-a-service company that
analyzes very large quantities of client’s
transaction and operational data in order to make
automated operational decision recommendations
which clients can immediately action to improve
their business. Using proprietary mathematical
solutions and the Daisy AI-based simulation
platform, Daisy Intelligence analyses 100% of the
tradeoffs inherent in any complex business
question and provides timely, specific
recommendations to help clients grow total sales,
improve margins, reduce fraud and delight
customers. https://www.daisyintelligence.com
About Espresso Capital
Since 2009, Espresso Capital has provided
over 230 early and growth stage technology
companies with founder friendly capital. The
company offers lines of credit and term loans to
enable entrepreneurs to grow their businesses
without dilution, board seats, or personal
guarantees. Espresso’s mission is to keep founders
in control with fast, fair, and flexible
capital. http://www.espressocapital.com.
About Elevate
Elevate
is a city-wide technology and innovation festival
that takes place in Toronto, Canada. Its annual
event brings together global tech leaders,
investors, government officials and international
media to raise the profile of the Canadian
innovation ecosystem. Through a mix of
inspirational speakers, experiential programming,
and social networking opportunities, Elevate
operates as a platform for the community at large
to disrupt together, celebrate diversity and
inclusiveness, and proudly showcase the best of
Canadian innovation. Elevate is a not-for-profit
organization founded in 2017. To learn more,
visit https://elevate.ca/.
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