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AI STARTUP RUBIKLOUD TO BE ACQUIRED BY OTTAWA-BASED KINAXIS FOR $81.4 MILLION CAD

OTTAWA, ON, June 15, 2020 - Kinaxis® Inc. (TSX: KXS), the authority in driving agility for fast, confident decision-making in an unpredictable world, has signed a definitive agreement to acquire Toronto-based Rubikloud, a disruptive, emerging provider of AI solutions that automate supply chain prescriptive analytics and decision-making in the retail and consumer packaged goods (CPG) industries. Globally-recognized retailers and CPG manufacturers in the…
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Supercluster Scale.AI has chose 14 projects, invested $32 million since receiving funding

Scale AI has publicly invested more than $32 million to date into 14 projects, with the hopes of accelerating the adoption of artificial intelligence (AI) within Canadian companies. Scale AI was awarded $230 million from the federal government in December 2018 through the government’s Supercluster initiative. It received an additional $23.4 million in July from the Quebec government.   The recently announced projects are…