Globe And Mail News Page

September 23, 2022       News

AltaML Places 18th on The Globe and Mail’s Fourth-Annual Ranking of Canada’s Top Growing Companies

Revenue growth (2018 to 2021) for the applied AI company was 2,309%

Edmonton, AB, Sept. 23, 2022—AltaML is pleased to announce it placed No. 18 out of 430 on the 2022 Report on Business ranking of Canada’s Top Growing Companies. 

Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. AltaML earned its spot with three-year growth of 2,309%. 

AltaML is a leading applied artificial intelligence (AI) scale-up with extensive experience in building and operationalizing AI solutions across sectors. AltaML helps enterprise-level clients accelerate their AI adoption by bringing together its deep AI bench with clients’ domain expertise to solve business problems with applied AI. To date AltaML has worked with 90+ clients on 400+ problems, with the highest value models moving to integrated solutions. In tandem, AltaML has pursued sector-specific opportunities, resulting in new venture creation such as AlphaLayer and Jurisage. AltaML has offices in Edmonton, Calgary and Toronto, and will soon be opening its first U.S. office, in Houston. 

“We are very proud to see AltaML recognized as one of Canada’s Top Growing Companies. Our revenue growth is a reflection of many things done well, as we work toward elevating human potential with applied AI,” said Nicole Janssen, Co-Founder and Co-CEO of AltaML. “Collaboration is at the heart of our business model and with the incredible team here, we have been able to deliver value in accelerating our clients’ AI adoption, earning their trust.”

“AltaML was established with a growth mindset, but perhaps more importantly, with a scrappiness and a belief in earning revenue to validate that we are actually creating value,” said Cory Janssen, co-founder and co-CEO of AltaML. “We’re thrilled to be ranked so highly for revenue growth by the Report on Business as we continue to grow nationally and into the US.” 

The full list of 2022 winners along with editorial coverage is published in the October issue of Report on Business magazine. The list is out now and online here.

“Canada's Top Growing Companies recognizes the tremendous ambition and innovation of entrepreneurs in Canada," says Dawn Calleja, Editor of Report on Business magazine. “The next generation of Canadian businesses can draw inspiration from this ranking.”

“In an uncertain world, the success stories of the companies marked in this year’s Report on Business magazine’s list of Top Growing Companies are a beacon of optimism,” says Phillip Crawley, Publisher and CEO of The Globe and Mail. “The Globe and Mail congratulates them on their achievements.”


About The Globe and Mail 

The Globe and Mail is Canada’s foremost news media company, leading the national discussion and causing policy change through brave and independent journalism since 1844. With our award-winning coverage of business, politics and national affairs, The Globe and Mail newspaper reaches 5.9 million readers every week in our print or digital formats, and Report on Business magazine reaches 2.3 million readers in print and digital every issue. Our investment in innovative data science means that as the world continues to change, so does The Globe. The Globe and Mail is owned by Woodbridge, the investment arm of the Thomson family. 

About AltaML 

Going beyond experimentation, we use data to build powerful AI tools that optimize performance, mitigate risks, and create new opportunities. We accelerate the AI adoption journey for organizations and pursue product opportunities through industry-specific joint ventures. Our talent accelerators, the Applied AI Lab and, create impact for private and public sector partners, respectively, while upskilling cohorts of highly qualified trainees. AltaML is scaling rapidly to become the undisputed leader in responsible applied AI. 



Claire Kay, External Relations Lead
[email protected]