Toronto AI firm gets fund boost from Fidelity Investments

A Toronto-based company developing artificial intelligence (AI) systems for enterprises has recently received a fresh round of funding from Fidelity Investments Canada. DeepLearni.ng will use the $9 million in Series A funding to help the company scale the development of its machine learning platform, called Frontiers, which is used for rapid deployment of AI enterprises. DeepLearni.ng, which is based at the University of Toronto, designs, builds and deploys applied AI systems for enterprises. The company also plans to grow outside of Canada, focusing on financial services and other strategic industries. The investment will also help fund the company’s growth plans, which includes growing the company’s talent pool from the current 23. The company is barely a year old, having been established in winter 2016.