Canvass Analytics Raises $6.5 Million Funding Led by Yamaha Motor Ventures
SILICON VALLEY, Calif., 29th Oct 2020-- Yamaha Motor Ventures, the strategic business development and investment arm of Yamaha Motor, led a USD$6.5 million funding round for Canvass Analytics (Canvass), a global leader in industrial Artificial Intelligence (AI) advanced analytics.
The investment in Canvass analytics represents Yamaha Motor Ventures’ strategic focus on innovative technologies that work to solve global, societal challenges including increasing efficiency to reduce environmental impact.
Canvass’s vision is to transform manufacturing by empowering the workforce of the future.
According to IDC, operational data will increase by 2-3x by 2025, but the MAPI Foundation found that 47% of industrial workforces lacked the digital skills needed to derive valu...