Hanwha Asset Management was among the investors in the latest round for the AI software provider, whose earlier backers include Tencent, Intel, Microsoft and Nvidia.
Canada-based artificial intelligence software provider Element AI has secured C$200m ($151m) in series B funding from investors including consulting firm McKinsey & Company and Hanwha Asset Management, part of diversified conglomerate Hanwha.
The round included Caisse de dépôt et placement du Québec, Gouvernement du Québec, DCVC, Business Development Bank of Canada unit BDC Capital, Real Ventures and undisclosed others. It valued the company at between $600m and $700m, according to TechCrunch.
Element AI has created software that helps large financial…
