Chata Technologies Raises $10M Series A

Calgary startup Chata Technologies announced the closure of a $10 million USD Series A round on Wednesday, led by new investors 7Ridge and Izou Partners with Jeremie Bacon joining the board. The company will use the funding to scale its proprietary deterministic, CPU-based AI platform across traditional finance, decentralized finance, and wealthtech. Chata says the model delivers 100 percent consistent natural-language analytics, reducing hallucination risk for regulated financial users.