Rhino and Graphite Ventures-backed Ontopical mines public data for private sector clients using AI.
Calgary-based software startup Ontopical wants to make it easier for companies across North America to discover and win government contracts.
Ontopical has spent the past few years collecting and organizing “a massive amount” of public sector data, including city, county, and school district agendas, minutes, budgets, and videos. Now, armed with $3.3 million CAD in fresh funding and a new CEO in Clayton Feick, Ontopical has set its sights on layering on artificial intelligence (AI) to help its private sector clients derive as much insight as possible from that data on local government procurement.
Ontopical sees a big opportunity in helping businesses of all sizes identify and compete for government work. “There’s this massive, $2 trillion per year market in North America that we’re working to make more efficient,” Feick told BetaKit in an interview.
