Element AI Inc.

Element AI in its $200 million Series B financing round


Element AI Inc.


$200 million


Emerging and High Growth Companies

Date Closed

September 2019

Lead Office



On September 13, 2019, Element AI completed its $200 million Series B financing from Caisse de dépôt et placement du Québec (CDPQ), Investissement Québec and McKinsey & Company, among others. This financing is one of the largest venture capital rounds in Canadian history. It will allow Element AI to accelerate the deployment and commercialization of solutions that meet customer needs for the operationalization of AI, while continuing to develop AI products.

Element AI is a global developer of AI software that helps people work smarter. Element AI turns cutting-edge research and industry expertise into software solutions that exponentially learn and improve. Its end-to-end offering, including advisory services, AI enablement tools and products, aims at helping large organizations operationalize AI and create real business impact.

Osler, Hoskin & Harcourt LLP advised Element AI with a team led by Shahir Guindi and consisting of Sophie Amyot and Calvin Leung (Corporate).