On September 1, 2020, Acerta completed its US$7 million Series A financing round led by OMERS Ventures, with US$5 million being new capital. The funding will be used to expand and strengthen Acerta’s geographic presence in the Japanese and European automotive markets. The financing will also be used to expand existing partnerships with manufacturing industry players such as Microsoft, Amazon Web Services and Telus.
Acerta is a Kitchener Waterloo based growth stage company specializing in machine learning that helps automakers uncover insights from vehicle and production data to perform quality control, improve manufacturing throughput and enhance product quality.
OMERS Ventures is a private equity firm specializing in supporting companies through all stages of development with a focus on private equity, growth equity and venture. OMERS is also focused on aiding in international growth through their transatlantic fund structure.
Osler, Hoskin & Harcourt LLP advised Acerta with a team consisting of Chad Bayne, Andrew Irwin and Sahil Chopra (Emerging and High Growth Companies).