Ultimarii raises $13M for AI that handles infrastructure paperwork
What's the deal? Calgary startup UltimariiDealroom has a profile for this one. Try Dealroom → has raised $13 million in an early-stage round combining equity and debt, led by BDC Capital's Industrial Innovation Venture Fund. Mistral Venture PartnersDealroom has a profile for this one. Try Dealroom →, Staircase VenturesDealroom has a profile for this one. Try Dealroom →, and Alpaca VCDealroom has a profile for this one. Try Dealroom → joined, with additional funding from the National Research Council of Canada's Industrial Research Assistance Program.
What's the endgame? The company builds AI tools that help regulatory agencies, law firms, and power, mining, and energy companies plan, generate, and manage permitting and regulatory applications. The system draws on datasets of past government processes and the expertise of people who have handled them.
Who's behind it? Doug Schweitzer, Alberta's former justice and innovation minister, founded Ultimarii in January 2024 with Josh Malate, who previously started legaltech firm Athennian.
Why now? Business has grown as the federal government pushes to get more major projects built in Canada, the co-founders told The Globe and Mail . Ultimarii now plans to expand internationally, starting by adding US datasets.
The signal: The round sits near the top of its class — around the 95th percentile among all early-stage legal rounds in Canada. That points to investor appetite for tools that speed up the paperwork behind infrastructure at a moment when governments are prioritising faster project approvals.
Image credit: Ultimarii
