{"id":16797,"date":"2019-09-13T16:00:32","date_gmt":"2019-09-13T20:00:32","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/caisse-invests-in-element-ais-200-million-series-b-round-135795"},"modified":"2019-09-13T16:00:32","modified_gmt":"2019-09-13T20:00:32","slug":"caisse-invests-in-element-ais-200-million-series-b-round","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/09\/13\/caisse-invests-in-element-ais-200-million-series-b-round\/","title":{"rendered":"Caisse invests in Element AI\u2019s $200-million Series B round"},"content":{"rendered":"\n<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"> <img decoding=\"async\" loading=\"lazy\" width=\"350\" height=\"263\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2019\/09\/AI-and-woman_79876443_Salmon-123-350x263.jpg\" class=\"attachment-feature size-feature wp-post-image\" alt title=\"Caisse invests in Element AI\u2019s $200-million Series B round\"> <\/div>\n<\/p><\/div>\n<p class=\"byline\"> <span>Staff<\/span>&nbsp;|&nbsp;September 13, 2019 <\/p>\n<p>The&nbsp;Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec is one of several investors participating in&nbsp;Element AI\u2019s $200-million Series B funding round,.<\/p>\n<p>The Montreal-based company, founded by Jean-Fran\u00e7ois Gagn\u00e9 and artificial intelligence pioneer Yoshua Bengio, develops AI-powered software solutions. To date, the company has raised $340 million.<\/p>\n<p>The Caisse\u2019s contribution to the round is part of its&nbsp;newly created <a href=\"https:\/\/www.benefitscanada.com\/news\/caisse-expands-ai-financing-cppib-takes-stake-in-u-s-natural-gas-127378\">$250-million&nbsp;fund<\/a>&nbsp;dedicated to&nbsp;AI and&nbsp;Quebec businesses with&nbsp;a proven track record in AI, according to a press release, which noted the goal of the fund is to&nbsp;commercialize AI solutions more quickly.<\/p>\n<p><strong>Read: <a href=\"https:\/\/www.benefitscanada.com\/news\/caisse-invests-in-quebec-venture-capital-tech-firm-126153\">Caisse invests in Quebec venture capital tech firm<\/a><\/strong><\/p>\n<p>\u201cWith this transaction, we are investing capital and expertise alongside partners who are ideally suited to transform Element AI into a company with a commercial focus that anticipates and creates AI products to address clients\u2019 needs,\u201d said&nbsp;Charles \u00c9mond, the Caisse\u2019s executive vice-president and head of Quebec investments and global strategic planning. \u201cThrough this fund, la Caisse wants to actively contribute to build and strengthen Quebec\u2019s global presence in artificial intelligence.\u201d<\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/caisse-invests-in-element-ais-200-million-series-b-round-135795\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staff&nbsp;|&nbsp;September 13, 2019 The&nbsp;Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec is one of several investors participating in&nbsp;Element AI\u2019s $200-million Series B funding round,. The Montreal-based company, founded by Jean-Fran\u00e7ois Gagn\u00e9 and artificial intelligence pioneer&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16797"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=16797"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16797\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=16797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=16797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=16797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}