Yamaha Motor Ventures backs Canvass again after its initial investment in 2020.
Toronto industrial AI startup Canvass Analytics has raised $3.3 million USD in what it calls a Series A 2.
A spokesperson for Canvass told BetaKit that the additional funding was an internal round led “mainly” by Yamaha Motor Ventures. They did not disclose which other existing Canvass investors participated in the round.
This financing is part of Canvass’ cumulative $14.23 million USD Series A round, which was raised across three separate financings that span nearly two years. It includes an initial $6.5 million USD close in 2020, in which Yamaha Motor Ventures also participated, as well as $4.43 million USD ($5.7 million CAD) from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).
Founded in 2016 by CEO Humera Malik, Canvass’ artificial intelligence (AI)-driven…