The company will invest in AI and machine learning technology to power its platform for alternative investors.
Canoe recently secured $36 million in a Series C funding round led by Goldman Sachs. This funding round marks more than a threefold increase in Canoe’s valuation since its Series B financing in 2023.
The company specializes in streamlining alternative investment intelligence for financial entities such as institutional investors and wealth managers. Canoe leverages artificial intelligence and machine learning to automate the collection, categorization and extraction of investment data, working to improve efficiency and data accuracy for its clients.
The capital raised will support Canoe’s strategic initiatives, foster global market expansion and allow Canoe to further develop its fintech platform. The company will continue to invest in building proprietary AI and machine learning technologies. This capital will help improve its comprehensive suite of services spanning back-to-front office operations.
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