C2RO NEWS | C2RO Receives Financial Investment from the Canadian Government to Support International
This morning, the Minister of Innovation, Science and Economic Development, the Honourable Navdeep Bains, announced that Canada Economic Development (CED) is making a significant financial investment in C2RO to support its international growth.
The Government of Canada, in an effort to solidify Montreal’s position as a world leader in artificial intelligence, is investing over 6 million dollars in a small number of high-growth potential AI companies in the Greater Montreal area. C2RO was selected for its advanced machine intelligence technology and its ability to extend its reach to international markets
“C2RO’s growth strategy is ambitious,” said CEO Riccardo Badalone, “we are commercializing our real-time machine intelligence solution globally to enhance the quality of everyday experiences with artificial intelligence. CED’s financial assistance will help boost our ability to penetrate global markets and extend the reach of C2RO’s game-changing Engage platform.”
C2RO will be using this financial investment to accelerate the global export of its machine vision platform and contribute to the economic growth of Montreal.
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The Government of Canada invests in artificial intelligence and creates close to 1,000 middle-class jobs via Canada Economic Development for Quebec