Element AI raised $151m in Series B funding round.

Element AI, a global developer of artificial intelligence-powered software solutions, raised $151m in Series B funding round. New investors include the Caisse de dépôt et placement du Québec, a long-term institutional investor, McKinsey & Company, a global management consulting firm and owner of advanced analytics company QuantumBlack, and Gouvernement du Québec, as well as returning Series A investors, including DCVC (Data Collective), Hanwha Asset Management, BDC Capital, Real Ventures and many others. “Operationalizing AI is currently the industry’s toughest challenge, and few companies have been successful at taking proofs-of-concepts out of the lab, imbedding them strategically in their operations, and delivering actual business impact. We are proud to be working with our new partners, who understand this challenge well, and to leverage each other’s expertise in taking AI solutions to market.” Element AI CEO Jean-François Gagné.