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BetaKit: MindBridge Receives $14.5 Million SIF Funding to support $140 Million AI Project

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MindBridge Analytics has received $14.5 million from the federal government to help support a “first-of-its kind” $140.8 million project the Ottawa-based company is currently developing.

The government funding comes alongside a new $15.1 million venture capital round that was led by PeakSpan Capital and saw participation from Real Ventures, National Bank of Canada, The Group Ventures, and Reciprocal Ventures, according to The Globe and Mail. The combined investments bring MindBridge’s recently raised capital to $29.6 million overall.

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