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).