Inossem a Montreal, CA-based SaaS startup that aims to help Canadian mid-sized businesses with business automation, raised a $3.5 million pre-Series A round.
The investment, which was all equity and all primary capital, came from Québec private equity firm Aisca Group.
The company intends to further expand in Ontario and the United States east coast. The recent investment will also help the company hire more AI and robotic process automation (RPA) engineers
Company: Inossem Ltd
Raised: $3.5M
Round: Series A
Funding Month: May 2022
Lead Investors: Québec private equity firm
Additional Investors:
Company Website: https://inossem.ca/
Software Category: Software Solution
About the Company: Founded in 2015, Inossem is a leading technology company that supports organizations in their digital transformation. Inossem provides business automation solutions, targeting mid-sized markets and medium-sized Canadian businesses. The company is currently working with Université de Montréal’s Institute for Data Valorization (IVADO) to bolster its artificial intelligence-driven offerings. With Inossem’s client base mostly made up of Canadian firms, this includes SaaS provider Softchoice, and battery-powered outdoor equipment company Greenworks. Inossem Canada is a subsidiary of Inossem Ltd, whose head office is located in Montreal, Quebec. Inossem Canada serves clients across the country and has anIoT and AI research and development labs in Canada.
Source: https://betakit.com/inossem-raises-3-5-million-cad-to-bolster-rd-add-engineers/