Steve Irvine’s Integrate.ai wins $39.5 mln in Portag3-led Series A

Integrate.ai, a Toronto-based artificial intelligence software company, has secured about $39.5 million (US$30 million) in a Series A financing. Portag3 Ventures, the investment arm of Power Financial, led the round. It was joined by existing investors Georgian Partners and Real Ventures. As a result, Portag3 Executive Chairman Paul Desmarais III will join the board. Launched last year by CEO Steve Irvine, a former Facebook executive, Integrate.ai's cloud-based machine learning platform helps businesses harness consumer intelligence and engage customers without compromising privacy. Integrate.ai will use the funds raised to expand its operations and client base in the United States.

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