Calgary-based Chata Technologies has closed a $10 million Series A funding round to scale its AI-driven analytics platform and expand deeper into financial services. The round was led by new institutional investors 7Ridge and Izou Partners, with Izou Managing Director Jeremie Bacon joining Chata’s board.
Founded by Kelly Cherniwchan, Chata focuses on deterministic AI that delivers consistent, auditable outputs from natural language queries, addressing trust and compliance challenges in regulated environments. The company plans to deploy the capital to grow adoption across traditional finance, decentralized finance, and wealthtech, offering CPU-based, cost-efficient analytics designed for precision-critical financial workflows.
