Calgary-based Ultimarii has secured a Series A funding round exceeding CAD $13 million, backed by investors including the Business Development Bank of Canada and Mistral Venture Partners. This is significant for tech enthusiasts because it highlights growing investment in AI solutions tackling complex regulatory hurdles, particularly within infrastructure development. The company intends to expand its platform across North America, with an initial focus on building comprehensive datasets related to US regulatory bodies like the EPA—a move that could impact how large-scale projects are approved and executed.
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