CIBC Innovation Banking completed an investment in Gradient AI.

CIBC Innovation Banking, a specialized financial partner that provides strategic funding and financing solutions, completed an investment in Gradient AI, a provider of artificial intelligence (AI) solutions for the insurance industry. Financial terms were not disclosed. "While we are thrilled to secure this investment from CIBC Innovation Banking, it is now up to us to continue to address the industry challenges by enhancing our platform and delivering unparalleled value to our customers. Insurers are becoming increasingly sophisticated in their risk assessment, yet challenges still arise. We are focused on helping them achieve these goals by automating processes, reducing costs, and significantly improving results,” Stan Smith, Gradient AI CEO.