Fredericton-based Potential Motors, a software company that uses Artificial Intelligence to boost vehicle safety and performance, has closed a $2.5 million funding round, with which it plans to increase its staff.
The company issued a statement Wednesday saying that Build Ventures, the Atlantic Canadian seed-stage investor that had the initial close of its second fund last year, led the round. The other funders included Brightspark Ventures and the New Brunswick Innovation Foundation.
Build Ventures’ General Partner Patrick Keefe has joined the Potential Motors board.
“Potential Motors has