Calgary-based Ontopical has secured a $3.3 million seed extension round, with Rhino Ventures and Graphite Ventures co-leading the investment, and support from Accelerate Fund III. This funding brings Ontopical’s total funding to over $6 million.
The company’s AI-driven platform allows businesses to detect early signals from public sector data, aiding them in winning government contracts efficiently. It also promotes transparency in government contract awards.
Ontopical plans to use the funds to expand its AI-driven intelligence platform and triple its team, with most roles based in Calgary.
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