Rubikloud Technologies Inc.

Rubikloud Technologies Inc. in connection with its US$37 million Series B financing round

Client

Rubikloud Technologies Inc.

Value

US$37 million

Service

Emerging and High Growth Companies

Date Closed

January 2018

Industry

Venture Capital

Lead Office

Toronto


 

On January 3, 2018,  Rubikloud Technologies Inc. ("Rubikloud") announced that it has raised US$37 million in a Series B financing round led by Intel Capital with new investors iNovia Capital and OTEAF participating. Existing investors Horizons Ventures and Access Industries also participated in the round.

Rubikloud will use the latest funding to expand its offices into Europe and Asia to meet demand for retail artificial intelligence ("AI") solutions to the growing global market.

Rubikloud uses AI to deliver intelligent decision automation to enterprise retailers through its cloud-native machine learning platform.

Intel Capital invests in innovative startups targeting 5G connectivity, the data center, artificial intelligence, merged reality, autonomous driving and a wide range of other disruptive technologies.

Osler, Hoskin & Harcourt LLP represented Rubikloud with a team consisting of Chad Bayne, Jay Greenspoon, Arlene Mack, Arielle Kaplan and Kevin Feng (Corporate).


Team
Chad Bayne
Key Contact

Chad Bayne

Partner, Corporate

Jay Greenspoon

Jay Greenspoon

Associate, Corporate

Arlene Mack

Arlene Mack

Associate, Corporate

Arielle Kaplan

Arielle Kaplan

Associate, Corporate

Kevin Feng

Kevin Feng

Associate, Corporate