Toronto-based Senso.ai, a machine learning and predictive AI company, has announced the close of a $1.5 million Seed round led by BreakawayGrowth, a Silicon Valley venture capital fund, alongside NEXT Canada and Techstars.
Senso.ai has created vertical-specific data pipelines and AI products for the Canadian financial services industry. Since graduating from the inaugural cohort of NextAI in 2017, as well as Techstars in 2018, Senso.ai has grown its customer and partner base to include Royal Bank of Canada, among others. The company said with the new funding, which was announced during #CollisionConf in Toronto, it’s looking to expand into the U.S. market.
“Large organizations around the world are attempting to collaborate with product-centric startups to embed innovation across their organizations,” said Saroop Bharwani, co-founder and CEO of Senso.ai. “By securing funding from some of the most experienced VCs and experts in the industry, we can accelerate our ability to innovate and deliver unique solutions to enable our customers to enhance their AI and machine learning capabilities with unprecedented bottom line results.”