About MILA
MILA is a company based in Montreal (Canada) founded in 1993.. MILA has raised $8.5 million across 2 funding rounds from investors including Google. MILA operates in a competitive market with competitors including SRI, Kakao Brain, ETRI, Frontis and Google DeepMind, among others.
- Headquarter Montreal, Canada
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.5 M (USD)
in 2 rounds
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Latest Funding Round
$4 M (USD), Series A
Nov 13, 2020
- Investors
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Employee Count
Employee Count
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Funding Insights of MILA
MILA has successfully raised a total of $8.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in November 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $4.0M
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First Round
First Round
(01 Jun 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2020 | Amount | Series A - MILA | Valuation |
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| Jun, 2016 | Amount | Series A - MILA | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MILA
MILA has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Google. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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A technology company offering products and services, including search engine, cloud computing, advertising, email, productivity software, and more
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MILA
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MILA
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mila Comparisons
Competitors of MILA
MILA operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SRI, Kakao Brain, ETRI, Frontis and Google DeepMind, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Research and development in scientific fields are pursued by SRI.
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| domain | founded_year | HQ Location |
Provides comprehensive AI and cloud-based research services for businesses.
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| domain | founded_year | HQ Location |
Provider of electronics and telecommunication research institute
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| domain | founded_year | HQ Location |
Business consulting and AI research services are provided to clients.
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| domain | founded_year | HQ Location |
Conducts AI research and builds intelligent models for global challenges.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mila
Frequently Asked Questions about MILA
When was MILA founded?
MILA was founded in 1993 and raised its 1st funding round 23 years after it was founded.
Where is MILA located?
MILA is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Is MILA a funded company?
MILA is a funded company, having raised a total of $8.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.5M, raised on Jun 01, 2016.
What does MILA do?
MILA was founded in 1993 as a provider of AI research services. Operations are centered in Montreal, Canada, within the artificial intelligence sector. Research activities are focused on advancing AI technologies through collaborative projects and academic partnerships. Services include AI development and consulting for various applications, with a presence maintained via the domain mila.quebec. The organization contributes to the local tech ecosystem in Quebec.
Who are the top competitors of MILA?
MILA's top competitors include SRI, ETRI and Allen Institute for Artificial Intelligence.
Who are MILA's investors?
MILA has 1 investor. Key investors include Google.
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