Canvs AI, a New York-based insights platform that specializes in unlocking consumer and employee feedback, raised $15 million in funding.
The round was led by Fulcrum Equity Partners, with participation from strategic investor Engage.
Fulcrum Equity Partners is an Atlanta-based growth equity firm that gives entrepreneurs the capital and hands-on support they need to take their companies further, and faster. Fulcrum invests in healthcare services and B2B tech executives searching for $5 million to $30 million of equity in minority and majority growth opportunities.
Canvs AI Use of Funds
The company will use the funds to accelerate product development, enhance customer success initiatives, and expand its go-to-market efforts.
About Canvs AI
Canvs AI is an insights platform for analyzing open-ended text from virtually any source, including surveys, customer reviews, and social media. The platform uses patented natural language algorithms and a generative AI co-pilot called AI Story Assist™ to present users with automated narratives about their data. Canvs AI can investigate data with plain-language questions and provide quantifiable metrics related to emotional reactions. Canvs has analyzed over 850 million pieces of open-ended text from surveys, social media, and online comments on behalf of its brands.
Canvs AI's platform is used by Fortune 500 companies such as CVS, Disney, Church & Dwight, ABInbev, and Netflix.
Company: Mashwork, Inc.
Funding Month: September 2023
Lead Investors: Fulcrum Equity Partners
Additional Investors: Engage
Company Website: https://canvs.ai/
Software Category: Insights Platform