Daisy Intelligence raises $10 million CAD, looks to become “the world’s largest” AI company
Summary
Daisy’s platform aims to help retailers and insurance companies generate better financial results by delivering business recommendations and automating processes beyond human capability. “Our annual recurring revenue is in the same order of magnitude as Element AI, but to date, we’ve raised a fraction of the money they have,” Saarenvirta told BetaKit. “Daisy Intelligence attracted our attention with its distinctive AI capabilities applied to merchandising, which is definitely a crucial activity within grocery retail,” said Eduardo Piedade, CEO of Sonae IM. “As a strategic investor with a strong European foothold, we have the ambition to support the company, with every means possible, in its growth and global expansion.” The next stage for Daisy includes growing sales partnerships, investing in marketing, and driving efforts for customer success. “This investment supports Daisy’s mission to empower people to achieve their best by using machine intelligence to help them with the most difficult tasks, freeing up their time to focus on more strategic business matters,” said Saarenvirta.
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