Fredericton-based Eigen Innovations has received financing of more than $800,000 from the Atlantic Canada Opportunities Agency, which will fund marketing programs.
ACOA issued a statement on Tuesday saying the company would receive a conditional loan of $708,067 through the agency’s Business Development Program. It will also receive two $50,000 grants to help the company hire a lead data scientist and a lead machine learning architect.
The New Brunswick company uses artificial intelligence to help machines manage large amounts of data and improve their productivity. CEO Scott Everett has