Acerta Analytics raises $8m Series B financing led by BDC Capital

Acerta Analytic is a provider of advanced analytics solutions that leverage machine learning and AI to turn product data into actionable insights.

  • The round’s other backers were existing investors OMERS Ventures and StandUp Ventures
  • Founded in 2017, Acerta helps automakers like Nissan and suppliers of complex vehicle parts such as Dana improve quality in their manufacturing processes and support early defect detection
  • It will use the funds raised to expand its customer base in North America and Europe, while strengthening ties with original equipment manufacturers and automotive suppliers

Kitchener, Ontario-based Acerta Analytics, a provider of advanced analytics solutions that leverage machine learning and artificial intelligence to turn product data into actionable insights, has raised $8 million (C$10.4 millon) in Series B financing.

BDC Capital’s Industrial Innovation and Thrive Venture Funds led the round, with participation from existing investors OMERS Ventures and StandUp Ventures.

Founded in 2017, Acerta helps automakers like Nissan and suppliers of complex vehicle parts such as Dana improve quality in their manufacturing processes and support early defect detection, making them more efficient, helping them reduce scrap and rework and avoid shipping defective parts that lead to costly recalls and brand damage.

The company currently operates in Canada, the United States, Europe and Japan. It will use the Series B’s proceeds to expand its customer base in North America and Europe, while strengthening ties with original equipment manufacturers and automotive suppliers.

On the fundraising, Greta Cutulenco, CEO and co-founder of Acerta, said in a statement: “Automotive manufacturers are facing increasing challenges as the industry moves towards electrification with more sophisticated sensors and electronics in every vehicle model. Acerta provides a platform that manufacturers can leverage to ensure they’re delivering high-quality products to market and maintaining brand reputation.”

BDC Capital, with more than C$6 billion under management, is the investment arm of Canadian bank BDC. It earlier this year launched the C$500 million Thrive Venture Fund and Lab for Women.