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Motive Partners Invests $100M in AI Firm Electric Mind (formerly Intelliware)

October 28, 2025 by Newsdesk

Private investment firm Motive Partners has invested $100 million in Electric Mind, a Canadian AI-led services company specializing in engineering solutions for financial institutions. The partnership will expand Electric Mind’s U.S. operations and strengthen its AI and data engineering capabilities.

CEO Chris Ford said the collaboration aligns with the firm’s mission to “turn complex challenges into practical solutions.” Motive’s Investor–Operator–Innovator model will guide Electric Mind’s next growth phase, with industry veterans Richard Lumb and Sreeram Visvanathan joining the board. Envoy Capital Advisors acted as financial advisor, while Weil Gotshal and McCarthy Tétrault provided legal counsel.

Want to know more? Check out the source code here.

Filed Under: News Tagged With: Electric Mind

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