Automotive Intelligence startup Acerta Analytics secured $7 Million in Funding

Acerta Analytics, an Ontario based Automotive Intelligence company, has now secured $7 million in Series A funding round.

Acerta Analytics is founded by the Greta Cutulenco in the year 2017. It provides a platform that uses an AI to allow automakers to leverage their data for insights into vehicle assembly or on-road performance and detection of the earliest indicators of future product failures. The company now operates in Canada and the United States in North America, as well as Japan, and Europe with plans to expand further into the Japanese and European markets within the coming years.

Greta Cutulenco, CEO and Co-Founder of Acerta, said, "Every automotive engineer has dealt with issues during assembly or testing, but few have the ability to use their production data to predict when and where those issues will occur and prevent them. That’s why we’ve focused on providing predictive analytics to our customers to help them ensure vehicle quality, safety, and reliability."

Brian Kobus, a Partner, OMERS Ventures, said, "Artificial intelligence has already played a huge role in stimulating innovation in the automotive industry, and it will continue to do so for many years to come. We’ve entered a new phase in the world of transportation, and Acerta is in a unique position to empower automakers around the world by enabling them to harness the power of their data to deliver valuable insights, drive ROI, and ultimately make better decisions for their business and customers."

Omers Ventures led the funding round, with participation from StandUp Ventures, M12 – Microsoft Venture Fund, Radical Ventures, Techstars, and EDC.

The company, as of now, has plans to use the new funds to launch into Japanese and European markets. Acerta Analytics also intends to leverage funds to expand its product engineering team, and extend the capabilities of its platform to generate insights, notes the announcement.