Calgary-based Chata.ai has raised US$10 million in Series A financing to expand its conversational analytics platform for financial services. The round was led by 7RIDGE with participation from Izou Partners. Chata.ai allows financial professionals to query and monitor data using natural language, reducing reliance on dashboards and technical teams.
Unlike probabilistic AI systems, the platform uses a deterministic architecture that runs on CPUs, delivering consistent, auditable results suited to regulated environments. CEO Kelly Cherniwchan said the funding will support growth across traditional finance, decentralized finance, and wealthtech, as institutions seek reliable AI tools that address compliance, data integrity, and infrastructure cost concerns.
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