The Quebec government and Investissement Quebec jointly injected $46.4 million into a healthcare software company on Wednesday.
Montreal-based AlayaCare is modernizing home care by offering a complete cloud platform. The platform uses artificial intelligence to allow business managers to automate tasks and build predictive models according to certain trends. Its technology makes it possible to better anticipate the needs of organizations and recipient customers.
The Ministry of Economy and Creativity awarded $22.3 million through the Quebec Business Growth Fund (FCEQ). For its part, Investissement Québec contributed $24.1 million of its own money to help AlayaCare grow.
“The technology solution developed by AlayaCare enables efficient home care management. Therefore, our government supports this project, which will strengthen the company’s head office in Montreal and bring significant economic benefits to the province of Quebec,” said Eric Girard, Minister of Finance and Minister of Economy and Innovation.
Founded in 2014, AlayaCare employs approximately 500 people, 130 of whom work in Quebec. The solutions offered by the company are located in Canada, Australia and the United States.
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