Indigov | May 31, 2022
Tusk Venture Partners, 8VC, Wicklow Capital, Align Ventures, and Valor Equity Partners participated in a $25 million Series B investment round for Indigov, the premier constituent service platform for public officials. This takes the total amount raised by the company to more than $38.3 million.
Indigov is a multi-channel constituent experience management platform that helps public officials organize, respond to, and engage those they serve proactively. It was launched in 2019. Officials may get real-time insight into the pulse of their constituency thanks to the platform's rich reporting and analytics.
Indigov is also used by the federal, state, and local governments to manage casework and triage incoming communications that might otherwise clog their inboxes. Indigov presently helps hundreds of congressional, state, and municipal leaders who represent more than 150 million people in the United States.
Americans have relied on their government for aid more than ever in the last two years during the pandemic, from obtaining COVID and unemployment resources to expressing political expression. In general, the number of contacts with public authorities has gone up five times in the last ten years. This is partly because people now have more ways to get in touch, such as through email and social media.
Staffing, budgets, and technology, on the other hand, have stayed unchanged. This has put a lot of pressure on employees, as well as disillusionment among voters and a loss of faith in our government.
The U.S. government receives close to 53 billion requests a year from the public, the vast majority of which are managed in spreadsheets, email, physical paper, and outdated legacy databases. No company could function managing the level of communications public officials receive with the tools they use - when they fail, we all fail."
Alex Kouts, CEO and Founder of Indigov
Alex further added that these touch points are the democratic user experience, and they must be improved. Every day, they collaborate with government authorities to provide a service that not only meets but exceeds, private market expectations. They are making a whole new category of software to change the way people interact with the government from the ground up.
Knightscope | June 07, 2022
Knightscope, Inc., a provider of sophisticated physical security technology aimed at improving U.S. security operations, revealed today that the Federal Risk and Authorization Management Program has reached the "In-Process" level (FedRAMP). FedRAMP is a federal-level program that encourages the use of safe cloud services by establishing a standardized approach to security evaluation, authorization, and continuous monitoring of cloud goods and services.
Knightscope's cyber security team has been working relentlessly for the past 17 months to create a safe, hardened environment dedicated entirely to supporting U.S. Government clients. Knightscope was able to create a tightly controlled version of its product offering from the ground up. A FedRAMP-authorized Third-Party Assessment Organization tested the secure environment.
Knightscope's product was put to the test utilizing the most cutting-edge cyber technology, and it was discovered that the ASR was far too secure to be entered without the Company's help. Knightscope has now been listed as a service provider because of these findings, and it may begin conversations with government agencies about delivering services to federal authorities.
One of the key roles of government is to protect its citizens, so it is critical that we provide them with the most advanced public safety technologies available. The FedRAMP process is arduous, but we believe it is a great investment of time and resources as it ensures our cybersecurity efforts are top notch. I'm looking forward to continuing to build even more cutting-edge technology to support our mission to make America the safest country in the world."
Mercedes Soria, EVP and Chief Intelligence Officer, Knightscope, Inc.
To conduct business with the federal government, cloud-based service providers must complete the FedRAMP procedure and acquire an Authority to Operate ("ATO"). Only 262 ATOs have been granted as of this publication, and only 83 firms have reached the "In-Process" stage. Knightscope's service offering for a Government Law Enforcement Agency was accepted as a consequence of the team's hard work, and Knightscope is now listed on the FedRAMP Government Market Place.
FedDev Ontario | August 10, 2022
Canvass Analytics Inc. ("Canvass AI"), a leader in industrial AI software, today announced the completion of its previously reported Series A financing with an extension of US $7.73 million, led by Yamaha Motors Ventures and a CDN $5.7 million (US $4.43 million) repayable loan from the Government of Canada, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). The Series A extension will fuel the company's mission to empower industrial workforces to drive impact across their operations with the power of Industrial AI.
"The completion of our Series A endorses our go-to-market strategy and the acceptance of our solution in market. Today, leading industrials and manufacturers are using our patented Canvass AI platform to solve challenges that have plagued their operations for decades. This, in turn, is providing a positive impact to their productivity, profitability, and sustainability goals, This additional financing places us in a solid position to achieve our growth plans and accelerate AI adoption in large and mid-cap industrial companies."
-Humera Malik, CEO of Canvass AI.
As previously announced, the FedDev loan will enable the company to expand its diverse and inclusive workforce in Ontario as the company accelerates its growth with industrial companies who are rapidly adopting and scaling AI across their operations.
"Our government believes that protecting our environment and fighting climate change is not only the right thing to do for the planet but also for our economy. The Government of Canada is proud to support tech companies like Canvass AI in the important work they are doing to reduce the environmental impact of major industries as we move toward net-zero emissions."
-Honourable Helena Jaczek, Minister responsible for the Federal Economic Development Agency for Southern Ontario.
Canvass AI's laser focus on enabling industrial companies to achieve their performance goals faster with the power of AI is filling a gap in the market that industrial companies have been searching for. We are excited by Canvass AI's strategy to empower industrial engineers as the change makers of Industry 4.0 so that the industrials can extend their competitive advantage, reduce costs, and advance their sustainability initiatives, commented Anish Patel, COO and Managing Director of Yamaha Motor Ventures.
Canvass AI's customers span the oil and gas, chemical and petrochemical, metals and mining, and energy sectors, all of which contribute significantly to the global economy and will play key roles in combating climate change. The Canvass AI platform provides industrial engineers with easy-to-use AI solutions to apply and scale across their operations that address their operational challenges, without requiring coding or data science expertise. Today, leading companies use Canvass AI to reduce carbon emissions and waste, improve yields, optimize facility operations, improve asset reliability and integrity, and optimize energy consumption.
About Canvass AI:
Canvass AI is a leading industrial AI software provider that puts the power of AI in the hands of industrial workforces to solve day-to-day operational problems. Some of the world's largest companies use Canvass AI's patented Industrial AI Platform to reduce carbon emissions and waste, improve yields, and optimize facility operations. Backed by Alphabet and Yamaha Motor Ventures, the Company is recognized by CB Insights as one of the world's top 50 technology companies that is advancing manufacturing.
About FedDev Ontario:
For 13 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada's most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving productivity, growing revenues, creating jobs, and in the economic advancement of communities across the region.