Emerging and High Growth Companies

Shakudo in its US$3.4 million Seed financing

Shakudo
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Mihnea Horatiu Porime

Associate, Emerging and High Growth Companies, Toronto

 

On November 3, 2021, Toronto-based software startup Shakudo announced their rebrand from DevSentient as well as their US$3.4 million Seed financing. The proceeds will be used to expand the reach of its artificial intelligence (AI) platform for data science and machine learning teams. The all-equity Seed round was led by Toronto-based Golden Ventures and California’s Parade Ventures, with participation from Kitchener-Waterloo’s Garage Capital, Global Founders Capital, Draft, and Basecamp Fund. The round was also supported by angel investors.

Shakudo offers an end-to-end platform designed to help businesses turn their AI solutions into products more quickly.

Osler, Hoskin & Harcourt LLP advised Shakudo with a team consisting of Chad Bayne and Horatiu Porime (Emerging and High Growth Companies).

Value
US$3.4 million
Date Closed
November 3, 2021
Lead Office
Toronto
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Mihnea Horatiu Porime

Associate, Emerging and High Growth Companies, Toronto