Infinitii AI is making moves in 2023.
This week, the Vancouver-based predictive analytics startup appointed ThreeD Capital founder Sheldon Inwentash as Strategic Advisor to Jean Charles Phaneuf, chief executive officer of Infinitii AI.
ThreeD is not just any Canadian-based venture capital firm—it is currently Infinitii’s largest shareholder.
Beyond financing, the VC firm aims to bring 30 years of in-depth entrepreneurial and investing experience through Inwentash.
“We are delighted to invite such an accomplished entrepreneur and investor to join us in an advisory capacity,” stated Phaneuf. “Sheldon’s extensive knowledge of capital markets and growth strategies for knowledge-based industries brings substantial expertise to infinitii ai as we work to fulfill our full potential as a leading provider of AI-driven predictive analytics software to our target markets.”
Inwentash says he looks forward to working with Phaneuf and “contributing to infinitii ai’s growth strategy in this new advisory role,” according to a statement from the company.
“Jean Charles has attracted key funding and transformed infinitii ai’s product portfolio, branding and sales execution since he joined as CEO in 2021,” he said of Phaneuf. “His ambition is well matched to the excellent opportunities for B2B AI software applications, and I look forward to working with him to further accelerate shareholder value.”
Since 2014, Infinitii has provided environmental monitoring to many of the largest water infrastructure utilities across Canada as well as the US. For example, last year the Vancouver firm announced a national distribution agreement for its “flowworks” predictive analytics software with Core & Main, a specialized distributor of water, wastewater, storm drainage, treatment plant, and geo-synthetics products based in St. Louis.
Launched in October at the WEFTEC 2022 water industry trade show in New Orleans, flowworks pro offers advanced Machine Learning capabilities—including infinitii face pro, a “streaming analytics application for data transformation that allows users to add logic and algorithms for real-time processing and operationalizing production-ready models generating new data or output events including predictions.”
More recently, the startup finalized a landmark sale of flow works to the Region of Peel in Ontario.
To continue this relentless march of innovation and market adoption, Infinitii AI is seeking to attract and retain “skilled employees and senior managers.” To help accomplish this, the company this week announced an Equity Incentive Plan, which “provides flexibility to the Company to grant equity-based incentive awards in the form of options, restricted share units, performance share units and deferred share units,” according to a statement issued by shareholders.
“These incentives will help keep our people focused on revenue growth as we have simultaneously contained costs and received a solid customer reception for the new Machine Learning product portfolio we announced last fall,” said Phaneuf. “This Equity Incentive Plan is intended to offer further motivation to fulfill our promise in Smart City and Smart Industry markets seeking proven innovation for AI-driven predictive analytics software.”
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