Canadian AI startup Koïos Intelligence secured $6.5M

 

Canadian AI startup Koïos Intelligence secured $6.5M in funding to expand into new markets and further develop its AI virtual assistant.   The funding includes a mix of equity, debt, and "other call options."  Propulia Capital, Canada Economic Development, Export Development Canada, Caisse Desjardins des Technologies, and others participated in the funding round.  Koïos' AI-powered virtual assistant Olivo is geared toward insurance professionals.  The platform leverages multimodal AI to analyze interactions between insurance sellers and customers.  Olivo also leverages AI to personalize marketing messages by analyzing customer data.  Koïos' own survey found that 75% of customers surveyed expect a response from an insurance agent within five minutes.