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About
Arteria began inside a Deloitte innovation incubator, built by three people who had run the firm's data, analytics and AI practice. Rather than parse documents after the fact, it structures the data as documents are generated, giving banks live reporting across contracts, invoices and notices. The company spun out of Deloitte, which held no equity after its first outside round, and closed roughly $46 million CAD in Series B funding in October 2023 from GGV Capital, Citi, BDC Capital, Information VP and Illuminate Financial. CEO Shelby Austin told the spin-out story at TechTO Together in February 2023.
Backers
GGV Capital, Citi, BDC Capital, Information VP, Illuminate Financial — ~$46M CAD Series B, October 2023
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Quick answers
What does Arteria AI do?
It structures financial institutions' documents into data as they are created — contracts, invoices, notices — so the institution can report and analyse across them in real time.
Who founded Arteria AI?
Shelby Austin (CEO), Abrar Huq (CRO) and Jonathan Wong (CTO), who worked together running data, analytics and AI at Deloitte Canada.
How did it spin out of Deloitte?
It was started inside a Deloitte innovation incubator and spun out; after its first round of outside financing Deloitte held no equity, as Austin explained at TechTO Together in February 2023.