Calgary-based Ultimarii has raised $5.2 million to speed Canada’s major infrastructure approvals. Co-founded by entrepreneur Josh Malate, formerly of Athennian, and ex-Alberta minister Doug Schweitzer, the startup deploys AI to analyze thousands of regulatory filings, assess feasibility in minutes, and flag risks that often cause delays.
Ultimarii already counts 20 enterprise clients, including national law firms and utilities. Investors include Staircase Ventures, Alpaca VC, and Scale Good Fund, alongside support from Alberta Innovates, IRAP, and OCIF. With senior advisors from Canada’s energy regulatory ranks, Ultimarii says it can modernize approval processes critical for ports, energy corridors, and nuclear power.
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