On June 27, 2022, Mercator AI announced it had completed its $1 million pre-seed financing round led by Standup Ventures with participation from The51. With this financing, Mercator will be able to expand its team as well as into key markets across Canada and in the United States.
Mercator AI is a real-time construction intelligence start-up that uses AI to mine and analyze millions of data points across the construction process to identify indicators that signal early project development.
Osler, Hoskin & Harcourt LLP advised Mercator AI with a team consisting of Michael Grantmyre, Jacob Young and Patrick Musgrave (Emerging and High Growth Companies).