AltaML named Fast 50 company to watch
AltaML has received a Deloitte Fast 50, Companies-to-Watch award. The award spotlights emerging companies that exhibit strong growth and show potential to be a future candidate of the Technology Fast 50 award. It includes new companies headquartered in Canada that are demonstrating superior technology, effective management experience and common traits of Deloitte Technology Fast 50 award winners.
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program.
“We’re extremely proud to recognize this year’s Companies-to-Watch winners, not only to celebrate their early-stage growth in these uncertain times, but also their staggering potential moving forward,” said Erica Pretorius, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “These outstanding companies demonstrate tremendous courage, the ability to take calculated risks, and notable skills to exploit opportunities. They are key to the future success of the technology sector.”
Headquartered in the Edmonton Metropolitan Region, AltaML helps business leaders understand how applied artificial intelligence can redefine competitive advantage and develop powerful software applications that create efficiencies, mitigate risk and drive revenue. Their goal is to impact 1 billion decisions by 2030.
AltaML has grown rapidly and has expanded from their headquarters in the Edmonton region to include offices in both Calgary and Toronto. Their Co-CEOs, Nicole Janssen and Cory Janssen, credit a long-term view to relationships with industry partners and a commitment to delivering exponential value through applied AI with the company’s early-stage success.
“The opportunity for AI is now, so we knew we had to grow fast,” say Cory and Nicole. “To scale our AI experimentation and to mitigate technical risk we built a platform that allows us to work across industries with a vast range of structured and unstructured data. From Edmonton we expanded to Calgary to consolidate regional strengths in AI talent and corporate offices, and from there we grew to Toronto as a first step toward becoming a national company.”
AltaML is working with businesses from a variety of sectors to help solve business problems including healthcare, financial services, energy and agriculture.
“AI is a key strength that exists in the Edmonton Metropolitan Regions,” says Malcolm Bruce, CEO of Edmonton Global. “It’s a horizontal enabler that can have a huge impact on all industries and any organization that has a large amount of data. These tools can even be applied to traditional sectors to improve business functions and expand traditional business models.”
AltaML has completed over 50 projects with over 30 companies. Announced partnerships include PCL Construction, AIMCo, DynaLife, Williams Engineering, Kleinfelder, ProtXX, Food-X, as well as Suncor, ATB Financial, Spartan Controls and TransAlta, the four founding industry partners of the AltaML Applied AI Lab.
As AltaML continues to grow, Co-CEO Cory is adamant that the Edmonton region is still the right place for them to be headquartered due in large part, to the talent pool that exists here.
“Edmonton is the absolute best place in the world to start an AI company,” said Cory. “This might actually be the only place in the world that has a surplus of data scientists.”