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TORONTO, ON --(Marketwired - March 10, 2016) - Daisy Intelligence Corporation, a Canadian-based artificial intelligence software-as-a-service company, is pleased to announced that JSM Capital Inc. and Manjis Holdings Ltd., both members of the Spark Angel Network (SAN), have made a significant investment in its business. Terms of the investment are confidential, however the seven-figure private investment closed in the last month. The financing will be used to accelerate sales and marketing efforts of Daisy's suite of AI-based services in the retail and insurance industry as well as to continue to build the team that supports these efforts.
"This investment is a tremendous vote of confidence in our technology. It will help us continue advancing our roadmap and propel our growth," said Gary Saarenvirta, CEO of Daisy Intelligence. "We're thrilled to have John Madigan and Salim Manji join our Board of Directors and look forward to drawing on their extensive business expertise in helping us grow the company."
Previously known as Makeplain Corporation, Daisy Intelligence has been using advanced algorithms and self-learning analytics to help their clients make better operational decisions to drive bottom line results.
"Daisy Intelligence is revolutionizing the retail industry by applying artificial intelligence and advanced machine learning to maximize the outcome of everyday merchandising decisions," said John Madigan, President of JSM Capital Inc. "We're excited to invest in this vision and help the company as it continues to reshape the industry."
"We're delighted to be involved with Daisy's future growth. In our past, we've seen remarkable results when new technologies are appropriately applied to help companies become more effective and more profitable. We're committed to supporting investment opportunities that offer innovative solutions and Daisy Intelligence is leading the way in an exciting new transformation," said Salim Manji, President of Manjis Holdings Ltd.
About Daisy Intelligence Corporation
Daisy Intelligence Corporation is an artificial intelligence software-as-a-service company that analyzes very large quantities of our clients' transaction and operational data in order to make automated operational decision recommendations, which retailers can capitalize on to improve their business. Using our proprietary mathematical solutions, Daisy Intelligence analyzes 100% of the tradeoffs inherent in any complex business question and provides weekly, specific recommendations to help their corporate clients grow their total sales, gross/net margin, transactions and customers.
About Spark Angel Network
The Spark Angel Network (SAN) represents Southeastern Toronto, Durham & Northumberland for members seeking superior financial returns from innovative, emerging technology firms that respect and practice high ethical standards. Since 2012 the Spark Angel Network's goal is to provide the financial 'spark' and to act as a supportive linkage between local entrepreneurs, seeking early and mid-stage capital, and investors and business leaders with a commitment to the economic development of the Region and to the entrepreneurial spirit within our community. As one of 13 federally and provincially funded angel organizations in Ontario, SAN is committed to providing quality investment support and coaching to market-ready companies, thereby ensuring the best opportunity for growth and expansion.
For more information, contact:
Chief Executive Officer
Daisy Intelligence Corporation
905.642.2629 ext. 221
Spark Angel Network