Two Edmonton-based AI companies rank high for revenue growth

an annual list of the fastest growing companies in Canada includes 11 Edmonton-area companies, led by two working in artificial intelligence.

The Report on Business listing shows three-year growth, which was 2,309% for AltaML on earnings between $10 million and $25 million, ranking it 18th.

“Our revenue growth is a reflection of many things done well, as we work to elevate human potential with applied AI,” co-founder and co-CEO Nicole Janssen said in a press release. “Collaboration is at the core of our business model and with the incredible team here, we have been able to deliver value by accelerating the adoption of AI by our customers, earning their trust.”

Just behind at No. 20 is trust science, Evan Chrapko’s AI-based credit reporting company with revenue between $2 million and $5 million, grew 2,144%. The company’s software-as-a-service platform is used by lenders to identify borrowers who are good risk but don’t have a track record.

“We mine alternative data and evaluate that data with much more powerful methods,” Chrapko said. said in a sponsored post. “This data is much messier and much less structured, and that’s why there was no choice but to use AI and machine learning in a lawful way.”

Jobbeur, the business management software provider for home service businesses, is the largest Edmonton company on the list, having operated for three years. On revenues between $100 million and $250 million, it achieved revenue growth of 372%, placing it in 126th place on the list of 430 companies.