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Regulatory AI company Ultimarii raises over $13 million CAD in Series A funding. The investment will expand its regulatory intelligence platform across Canada and the U.S.

PRIVATESep 11, 2026•1 day ago

Amount Raised

$13 Million

Round Type

Series A

CalgaryInformation TechnologyEnergyArtificial Intelligence

Investors

Alpaca VcStaircase VenturesMistral Venture PartnersBusiness Development Bank Of Canada

Description

Ultimarii has secured more than $13 million CAD in a Series A funding round. The investment was supported by the Business Development Bank of Canada, Mistral Venture Partners, Staircase Ventures, and numerous angel investors. The capital will expand Ultimarii's services designed to streamline application processes in infrastructure projects. This funding supports efforts to enhance their regulatory frameworks in North America.

Company Information

Company

Ultimarii

Location

Calgary, Alberta, Canada

About

Ultimarii is a Calgary-based startup that has developed an artificial intelligence platform to expedite the application and regulatory approval processes for large energy and utility infrastructure projects. Founded in January 2024 by Josh Malate and Doug Schweitzer, the company aims to help big infrastructure builders navigate the complexities and challenges of project approvals. With a focus on innovative solutions, Ultimarii seeks to enhance infrastructure development in Canada. The platform analyzes publicly available data to aid companies in selecting and pursuing projects effectively.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Ultimarii raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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