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.
Carahsoft | July 05, 2022
Carahsoft Technology Corp., the Trusted Government IT Solutions Provider® and Celonis, the global leader in Execution Management, today announced a partnership. Under the agreement, Carahsoft will serve as Celonis’ US Government Distributor making the company’s industry-leading Process Mining and Execution Management Platform available to the Public Sector through Carahsoft’s reseller partner network and NASA Solutions for Enterprise-Wide Procurement (SEWP) V, Information Technology Enterprise Solutions – Software 2 (ITES-SW2), National Association of State Procurement Officials (NASPO) ValuePoint, National Cooperative Purchasing Alliance (NCPA), and OMNIA Partners contracts.
Celonis’ process mining technology creates a real-time, continuously updated “X-ray” of how an organization runs at the process level. This “X-ray” reveals the hidden inefficiencies that silently kill organizational performance. Celonis combines this with their Execution Management System (EMS), which acts as the surgeon to the process mining “X-ray” to suggest and implement fixes for the issues found. These discoveries allow agencies to perform at levels never thought possible while also increasing their sustainability.
Celonis’ platform is usable across a wide variety of use cases within Government agencies and departments, from finance, procurement, and administrations’ transformation, to mission-focused employee and citizen service transformations. System transformation, process excellence, shared service, and financial agility initiatives are all core themes across use cases and where the power of Celonis’ process mining and execution management capabilities quickly deliver the most value.
“We are thrilled to partner with Carahsoft and their reseller partners to accelerate the time to value for government departments and agencies across the Public Sector, The focus on digital transformation will only continue to increase given everything we’ve learned pre and post pandemic. This partnership ensures we can support every Government customer on their transformation journey as they support businesses and citizens around the world in response to inflation, supply chain and sustainability issues. We are proud to partner with Carahsoft in our joint pursuit of reducing the cost, the risk and dramatically increasing the success, sustainability and scale rate of all transformations.”
-Mike Daniels, Senior Vice President of Public Sector at Celonis.
The addition of Celonis’ process mining and Execution Management System to our offerings likely represents one of the largest opportunities for government services transformation since the cloud was introduced in 2010, said Craig P. Abod, Carahsoft President. Celonis technologies quickly find and fix process inefficiencies hidden in large, complex public systems to deliver improved services and operations as well as to maximize existing investments
Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider®, supporting Public Sector organizations across Federal, State and Local Government agencies and Education and Healthcare markets. As the Master Government Aggregator® for our vendor partners, we deliver solutions for Cybersecurity, MultiCloud, DevSecOps, Big Data, Artificial Intelligence, Open Source, Customer Experience and Engagement, and more. Working with resellers, systems integrators and consultants, our sales and marketing teams provide industry leading IT products, services and training through hundreds of contract vehicles. Visit us at www.carahsoft.com.
Celonis reveals and fixes inefficiencies businesses can’t see, enabling them to perform at levels they never thought possible. Powered by its market-leading process mining core, the Celonis Execution Management System provides a full set of platform capabilities for business executives and users to eliminate billions in corporate inefficiencies, provide better customer experience and reduce carbon emissions. Celonis has thousands of implementations with global customers and is headquartered in Munich, Germany and New York City, USA with more than 20 offices worldwide.
Alation | September 27, 2022
Avaap, an industry-focused technology and management consulting firm, today announced its entering into a strategic partnership with Alation, the leader in enterprise data intelligence solutions. The partnership will address the needs of chief data officers and stakeholders at any level that use data to drive business decisions.
The addition of Alation to Avaap’s strong list of data and analytics partners, including Alteryx, Cloudera, MuleSoft, Snowflake, Tableau, and others, will provide customers with the best data governance and data cataloging capabilities to improve the experience for data users and deliver a scalable, integrated solution to support customers on their data governance journeys.
The Avaap-Alation partnership will catalyze next-generation data fabric and data mesh solutions for state and local governments, public and private sector healthcare organizations, as well as education institutions, nonprofits, and transportation agencies. The benefit is a modern data stack that provides a seamless data analytics solution, regardless of the platform, enabling a data-informed decision-making approach.
“The ability to generate data-driven insights from the volumes and variety of data within an organization is a key imperative in both the public and private sector, Our partnership with Alation will bring our customers new and innovative solutions to build their data culture through better data governance, data cataloging, and cloud transformation. We are excited to leverage the partnership to help organizations do more with their data.”
-Nehul Vyas, vice president, Data & Analytics, Avaap.
Added Scott Woestman, Alation vice president, Public Sector, We are excited to partner with Avaap and leverage their data and analytic experience to help our joint customers develop and integrate the best capabilities into their data and analytics portfolios. Through our connected ecosystem of technology partners, Alation and Avaap will help customers dramatically improve the effectiveness of data initiatives and maximize their analytic investments.
Avaap is an industry-focused management and technology consulting firm specializing in Workday, Tableau, and other applications. We offer full life cycle consulting services from strategy and system selection through post-production support and ongoing adoption, including data and analytics and change management services. Government organizations, health systems, higher education institutions, and other organizations have partnered with Avaap for successful transformation.