- Details
- By Tribal Business News Staff
- Finance
Artemis, a Vancouver-based technology company led by Indigenous co-founder Josh Gray, has secured $1.5 million in pre-seed funding to simplify data preparation and automate data cleaning for businesses.
The round was led by Raven Indigenous Capital Partners, a firm with a proven track record of investing in Indigenous entrepreneurs in Canada and the U.S. Other investors in the early-stage round include: Telegraph Hill Capital, Ripple Ventures, and other angel investors.
Artemis' platform utilizes artificial intelligence (AI) to automate data cleaning tasks, a critical but time-consuming step in data analysis. This allows data teams to focus on extracting insights and building AI products faster. The user-friendly platform features drag-and-drop functionality and pre-built knowledge graphs, making it accessible to both technical and non-technical users.
"The winners in the world of AI are organizations that have clean and accessible data," Gray said in a statement. "Today's data cleaning tools are inadequate for teams to keep pace with the demand for insights and new AI products."
Artemis has already established partnerships with companies in the B2B e-commerce and healthcare sectors, including Matter Inc. and AlayaCare. These successful collaborations demonstrate the value proposition of the Artemis platform for organizations managing large datasets.
With this funding, Artemis plans to expand its product offerings and penetrate new markets, according to a statement from the company.
"This funding allows us to continue growing, innovating, and reaching new clients," Gray said. "Our team is grateful for the trust and confidence our investors have placed in us."
Raven Indigenous Capital Partners, the lead investor, is a Vancouver-based impact investor with a commitment to fostering Indigenous leadership in the business world. The firm last year closed on a $75 million fund closed on a $75 million fund specifically focused on early-stage and growing businesses led by Indigenous entrepreneurs in Canada and the United States. Its portfolio includes Native-led businesses in a variety of sectors, including healthcare (Tribal Diagnostics), fashion (Ginew), cosmetics (Cheekbone Beauty), and fintech (Totem Technologies).
"We are proud to support Artemis, a game-changing data technology company led by an Indigenous co-founder," Althea Wishloff, general partner at Raven Indigenous Capital Partners, said in a statement. "Their innovative platform is revolutionizing data automation and aligns with our mission to empower Indigenous entrepreneurs."
