Montreal's Element AI gets record $102 million boost from U.S. investors

Montreal-based Element AI, a key player in the city’s burgeoning artificial-intelligence sector, has clinched a major financing deal to fund future growth and job creation.
Element is set to announce on Wednesday that it has raised US$102-million from a group of investors led by San Francisco venture capital fund Data Collective (DCVC).
The deal is the largest Series A funding round for an AI company in history, Element says.
The investment will allow Element to “accelerate