Regulatory AI company Ultimarii raises $13-million Series A round

Calgary-based regulatory AI company Ultimarii has raised a Series A worth more than $13 million CAD. The news: Ultimarii made the announcement on Thursday, saying it had raised the Series A with equity investment support from the Business Development Bank of Canada’s (BDC) Industrial Innovation Venture Fund, Mistral Venture Partners, Staircase Ventures, Alpaca VC, and more than 30 angel investors. The round also included debt financing and non-dilutive funding from the National Research Council