AltaML Receives $6.1M Investment from VerticalScope Holdings

The company will use the funding to expand its operations and accelerate the development of its AI products and services.

As part of the deal, AltaML also issued a five-year warrant to VerticalScope, giving the company the option to buy preferred shares in AltaML. This allows VerticalScope to gain an equity stake in AltaML in the future.

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AltaML develops AI solutions for governments and businesses across industries such as energy, legal, technology and financial services. The company builds AI-powered workflows, large language model (LLM) integrations, and automation tools to help organizations improve their operations.

AltaML works closely with customers by placing AI specialists within their teams. It is also the creator of AltaForge, its own AI platform designed to build and manage intelligent AI agents.

“Applied AI is an important part of how we are building VerticalScope for its next phase of growth,” said Chris Goodridge, Chief Executive Officer of VerticalScope. “We have worked with AltaML as an enterprise client, and this investment deepens that relationship as we apply AI across our communities and operations.”

“We are pleased to welcome VerticalScope as an investor,” said Cory Janssen, Co-Founder and Chief Executive Officer of AltaML. “This financing supports continued investment in our AltaForge platform and our enterprise and government growth.”

About AltaML

Founded in 2018 by Cory Janssen and headquartered in Edmonton, Alberta, AltaML is an applied artificial intelligence company. It helps organizations across the public sector, energy, construction, legal, technology, and other industries build and deploy AI solutions. The company works closely with clients by embedding AI specialists within their teams to develop AI-powered workflows, large language model (LLM) integrations, and automation solutions that can be deployed at scale.

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