$15 Million Funding for Canvs AI to Accelerate Growth
Canvs AI, an artificial intelligence insights platform based in New York, announced on September 27, 2023, that it had secured $15 million in funding from Fulcrum Equity Partners. The investment was led by Fulcrum and also included participation from Engage, a corporate venture initiative backed by companies such as Coca-Cola and Delta Air Lines.
The funds will be used to accelerate product development and expand Canvs' go-to-market operations, as well as grow its customer success team. This funding round is part of Fulcrum's $372 million Fund V, which has also invested in three other companies.
Canvs AI was founded by Jared Feldman and initially focused on analyzing emotional reactions to television content before expanding into customer feedback analysis across various industries. Philip Lewis of Fulcrum Equity Partners sits on Canvs' board.