The Vector Institute has released a report highlighting 20 Canadian AI startup companies from Victoria to Saint John to watch over the next 12 months and one company from Alberta made the grade.
The list was compiled after analyzing 150+ Canadian AI startups that achieved major milestones in 2021 and 2022.
The inaugural Vector AI20 for 2023 included Edmonton’s AltaML.
Going beyond experimentation, AltaML uses data to build powerful AI tools that optimize performance, mitigate risks, and create new opportunities. They accelerate the AI adoption journey for organizations and pursue product opportunities through industry-specific ventures.
AltaML is scaling rapidly to become the undisputed leader in responsible applied AI. Last month they were recognized by Deloitte as part of their 2022 Fast 50 awards program, ranking 13th with 2,309 per cent in revenue growth from 2018 to 2021.
AltaML is also encouraging the growth of Machine Learning and Artificial Intelligence skill sets that are in high demand across Alberta and around the world. Their talent accelerators, the Applied AI Lab and GovLab.ai, create impact for private and public sector partners, while upskilling cohorts of highly qualified trainees.
In consultation with industry partners and through Vector’s own work in the broader AI ecosystem, Vector narrowed down a shortlist of start-ups that reflect key regions of AI innovation across Canada and diversity in both their executive leadership and AI applications.
“Each honoree puts AI to work in interesting and potentially transformative ways. Together, they illustrate a manifestation of the remarkable promise of Canada’s AI ecosystem — and show how AI can drive not only future innovation but also future prosperity,” said Cameron Schuler, Chief Commercialization Officer & Vice President, Industry Innovation, Vector Institute.
“Vector is proud to highlight these innovative start ups as ones to watch, as their successes will support Canada’s quality of life in 2023 and beyond. We hope the Vector AI20 for 2023 helps to further put these 20 promising startups on the map.”
Check out the complete list of companies chosen for the Vector AI20 2023 here.
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