The Magna-backed scheme aims to offer capital, mentorship and networking opportunities to Canada-based startups operating in the artificial intelligence sector.
NextAI, a Canada-based initiative to provide capital, mentorship and networking opportunities to local artificial intelligence (AI) startups, has raised C$5.15m ($4m) from a consortium including auto parts supplier Magna International.
State-backed fund BDC Capital also supported the fundraising, as did financial services firms Royal Bank of Canada and Scotiabank.
Founded in 2016, NextAI aims to bring global AI talent and entrepreneurs to Toronto, Canada.
The scheme was developed by non-profit organisation Next Canada and has attracted internet technology provider Google,…
