Canoe Intelligence Wins Best Proposition for AI, Machine Learning at Data Management Insight USA Awards 2023
NEW YORK, September 29, 2023 – Canoe Intelligence (“Canoe”), the financial technology company guiding the alternatives industry forward with smarter data management, has been announced as the winner of “Best Proposition for AI, Machine Learning” at the Data Management Insight USA Awards 2023.
Winners were announced on September 28, 2023, at an awards ceremony following the completion of the Data Management Summit in New York.
These awards recognize both established solution vendors and innovative newcomers providing leading data management solutions, services and consultancy to capital markets participants across North America.
Angela Wilbraham, CEO at A-Team Group, and host of the Data Management Insight Awards USA 2023, commented: “These awards recognise both established solution vendors and innovative newcomers providing leading data management solutions, services and consultancy to capital markets participants across North America. Our congratulations go to Canoe Intelligence for winning Best Proposition for AI, Machine Learning.”
This award follows numerous earlier wins for Canoe this year, including “Outsourcing/Business Process Outsourcing” at the Tenth Annual Family Wealth Report Awards 2023 program, “Most innovative use of AI in an enterprise data management initiative” at the 2023 A-Team Insight Innovation Awards, and “Best Artificial Intelligence (AI) Application (US)” at the WealthBriefing WealthTech Americas Awards 2023.
This announcement follows the recent news that Canoe had achieved a 100% increase in YoY revenue growth on the back of its $25M Series B financing round, completed in February 2023. The new financing has supported Canoe’s ability to broaden its footprint in European markets, grow the team in key functional areas, enhance enterprise product offerings, and strengthen Canoe’s core platform.
About Canoe Intelligence
Canoe Intelligence redefines alternative investment data processes for hundreds of leading institutional investors, capital allocators, asset servicing firms, and wealth managers. By combining industry expertise with the most sophisticated data capture technologies, Canoe’s technology automates the highly-frustrating, time-consuming, and costly manual workflows related to alternative investment document and data management, extraction, and delivery. With Canoe, clients can refocus capital and human resources on business performance and growth, increase efficiency, and gain deeper access to their data. Canoe’s AI-driven platform was developed in 2013 for Portage Partners LLC, a private investment firm. The company discusses wealth management, institutional investment, and technology topics on its blog. Learn more at www.canoeintelligence.com.
Betsy Miller Daitch