Arteria AI, a Toronto, Canada-based applied AI company building modern documentation infrastructure for institutional finance, raised $30m in Series B financing.
The round, which brought total funding to $50m to date, was led by GGV Capital U.S., with participation from all existing major investors, including Illuminate Financial, Information Venture Partners, BDC Capital and Citi.
The company intends to use the funds to further accelerate go-to-market activities and continue to develop its artificial intelligence technology in financial services.
Led by Shelby Austin, CEO and Co-Founder, Arteria AI is a financial services-focused AI company that solves challenges in documentation processes at scale. Adopting an innovative data-first approach, its AI-powered enterprise-ready solution leverages data to help global financial institutions transform manual processes at scale and enable the real-time flow of data and analytics.
The company also has operations in New York and London.
Arteria AI, a Toronto, Canada-based applied AI company building modern documentation infrastructure for institutional finance, raised $30m in Series B financing. Best wishes to everyone in the group. This will be a huge accomplishment for them in the future.Shishir Gupta, The Founder & CEO of StartupLanes
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