Toronto-based Daisy Intelligence has announced that it has raised CAD 10 million in its Series A round. The financing round was led by Framework Venture Partners and partnered by Sonae IM.
The financing will help its AI-powered SaaS platform expand its reach. The company will be investing in sales and marketing. The funding will also help Daisy support its customer success teams and expand its operational infrastructure.
Daisy Intelligence’s platform has been helping retailers and insurance companies bring better financial results by making business recommendations and automating processes. The company’s technology has been attracting a growing client base across the U.S., Canada, Europe, and Latin America. The company has even doubled its revenues and staff over the past year.
Gary Saarenvirta, founder and CEO of Daisy, said: “This investment supports Daisy’s mission to empower people to achieve their best by using machine intelligence to help them with the most difficult tasks, freeing up their time to focus on more strategic business matters. With support from the world-class investors at Framework and Sonae IM, we are incredibly well positioned to execute on our vision.”