X Machina-AI acquires Bain Public
X Machina-AI Inc. Closes Acquisition of Bain Public Inc. To all friends and Investors of X Machina-AI, here’s the latest from our team. Operationalizing X Machina-AI Since closing the seed round on…
During due diligence, X Machina-AI will work with the target to build a 12-18 month strategic plan that achieves profitable growth. The plan will identify the product positioning, people, and funds required to achieve that growth.
The core X Machina-AI team will be on hand to execute the strategic plan and bring in additional management, product, and sales talent as required. Hard to find AI talent can be brought in temporarily or permanently from the consulting side of the operation.
Once management is on track to achieve its growth and profit targets, the core X Machina-AI team will move on to repeat the process with the next acquisition target and be replaced with key product managers, sales staff, and X Machina-AI’s own pool of AI dev talent.
Canadian public investors are hungry to get out of mining, oil & gas and into Canada’s fast growing AI sector. Unfortunately, these higher growth equity positions are mostly inside private company structures.
VC portfolios contain AI startups with solid growth but lack the unicorn potential required to justify follow-on funding. They will want to sell these companies.
X Machina-AI will acquire the best of these AI companies and in so doing allow public market investors to access this fast growing sector.
AI product companies in industries that have yet to be transformed by IT such as construction, manufacturing and logistics.
Currently profitable or near break-even and with ARR of $500,000 or more.
Can do 2X-4X revenue growth in 5 years (15%-30% growth in ARR).
Complementary product or tech to maximize cross-selling and tech team consolidation opportunities.
X Machina-AI Inc. Closes Acquisition of Bain Public Inc. To all friends and Investors of X Machina-AI, here’s the latest from our team. Operationalizing X Machina-AI Since closing the seed round on…
X Machina-AI Inc. Closes $2.4 Million in Funding on Over Subscribed Seed Round I have been an advocate for founders in our ecosystem since 2008, with a special place in my heart…
Rather than acquiring a single late-stage company, X Machina-AI will act as a holding company for several promising early to mid-stage AI companies, allowing its investors to benefit from more value creation. Acquisitions will be financed via private investments, each time at a higher valuation.
X Machina-AI will supply the AI companies with the resources (human and financial) they require for strong profitable growth.
After bringing AI service companies into the management company, AI companies will operate as 100% owned subsidiaries.
CEO
Claude founded and left Nexalogy, one of Montreal’s first AI companies and has been part of management in public companies since 2017. A former Astrophysicist he forged his technical skill set at the inception of bigdata and the web. While working with CERN he built his first website in 1994.
He played an active role in the birth and growth of Québec’s startup ecosystem. He is one of the top 40 startup mentors in the worldwide Founder Institute network.
In 2019 he was COO of Intema Solutions Inc ($ITM.V) and engineered a growth by acquisition strategy.
Claude has done deep AI driven political and military intelligence work and has a “secret” level clearance with the CAF.
CFO
Patrick is a forward-thinking financial executive with more than 20 years of experience serving large, complex organizations in Canada and the United States. Recognized expertise at leading financial efforts to drive increases in year-over-year revenue, stimulate profit growth, and continually expand the customer base.
Uniquely skilled at guiding an organization’s practice into new industries, building an effective financial program, devising effective marketing strategies, and orchestrating international branding.
Patrick maintains a boutique consulting firm that provides guidance and support to private and publicly listed companies in both Canada and the United States.
CTO/CPO
A proven tech executive and venture investor able to take an idea and turn it into a business, Daniel has been deeply involved in tech for over twenty years as an engineer, entrepreneur, investor and mentor.
Daniel has expertise in product management, engineering and venture financing. He has conceived and overseen the delivery of numerous software products and IT services and founded several tech companies. He was a founding partner of Real Ventures, Canada’s most active early stage venture capital fund and helped grow Anges Quebec into one of the largest angel investor networks in the country. He is currently an Entrepreneur-in-Residence at Centech, a Deeptech and AI focused accelerator.
Lead Product Designer
Daniel was designer for many eminent entrepreneurs, startups in Silicon Valley and Canada, including Ycombinator and VCs such as SV Angels, RealVentures.
He created UI/UX for startups and larger companies such as Webex, Klout, Farmville, Betterworks, Ecomom and many more.
Despite a strong startup focus, he has worked with many large enterprises over the years such as Amex, Amazon, Airbnb, Nine west, Holt Renfrew, Ssense, Yahoo!, Rakuten, Louis Vuitton LVMH, Cisco, Sungard, Seiko, EA.
He is Co-organizer of the International Startup Fest.
Chief Investment Officer
Scott is an experienced accountant (CGA) and successful venture capitalist who has served in a variety of c-level executive roles including CEO, CFO and director in both Canadian and U.S. private and public companies for over 25 years, including over 20 years of business development, services, M&A and going-public transactions.
Mr. Munro has conducted successful M&A, funding, and IPOs since 2000 in various industries including biotech, cannabis, life sciences, exploration & mining, services, and technology.
VP Growth and Value Creation