Invenia raises $6.8 mln in Zetta Venture-led Series A funding
Invenia, a Canadian machine learning platform, has raised about $6.8 million (US$5 million) in a Series A financing. U.S. venture capital firm Zetta Venture Partners led the round. Based in Winnipeg, Invenia has developed an autonomous machine learning system that uses data and algorithms to improve electrical grid efficiency and reduce CO2 emissions. The company has built a team of researchers from universities, including the United Kingdom's Cambridge University, where it recently opened a second office. Led by CEO Matthew Hudson, Invenia will use the funds raised to scale its solution.
10 May 2017•2 mins read
