Acerta Analytics Solutions Raises $8M in Funding

Acerta Analytics Solutions, a Kitchener, Canada-based provider of analytics solutions that leverage machine learning and artificial intelligence (ML/AI) to turn product data into actionable insights, raised $8M in funding.

The round was led by BDC Capital’s Industrial Innovation and Thrive Venture Funds with participation from OMERS Ventures and StandUp Ventures.

The company intends to use the funds to expand its customer base in North America and Europe, while strengthening ties with leading OEMs and automotive suppliers.

Led by CEO Greta Cutulenco, Acerta assists precision manufacturers to take their digital transformation beyond manually crunching sensor data. To this end, its ML/AI-powered software services enable companies to make the right decisions fast, optimize production, and improve product quality. The company helps automakers like Nissan and suppliers of complex vehicle parts such as Dana improve quality in their manufacturing processes and support early defect detection, making them more efficient, helping them reduce scrap and rework and avoid shipping defective parts that lead to recalls and brand damage.

Acerta currently operates in Canada, the United States, Europe and Japan.

FinSMEs

23/11/2022

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