Two Edmonton-based AI companies rank high for revenue growth

· The Pulse

An annual list of Canada's top growing companies includes 11 Edmonton-area companies, led by two working in artificial intelligence.

The list from the Report on Business charts three-year growth, which was 2,309% for AltaML on revenues between $10 million and $25 million, ranking it 18th.

"Our revenue growth is a reflection of many things done well, as we work toward elevating human potential with applied AI," co-founder and co-CEO Nicole Janssen said in a release. "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."

Close behind at No. 20 is Trust Science, Evan Chrapko's AI-powered credit-scoring company, whose revenues in the $2-million-to-$5-million range grew by 2,144%. The company's software-as-a-service platform is used by lenders to identify borrowers who are good risks but don't have a track record.

"We're harnessing alternative data, as well as evaluating that data with way more powerful methods," Chrapko said in a sponsored piece. "That data is much messier and much less structured, and that's why there was no option but to use AI and machine learning in a legally compliant way."

Jobber, the provider of business-management software for home-service businesses, is the biggest Edmonton business on the list, which it has made for three years. On revenues between $100 million and $250 million, it managed revenue growth of 372%, putting it at 126 on the list of 430 companies.

A screen capture of Nicole Janssen speaking beside a logo for AltaML

Nicole Janssen is co-founder and co-CEO of AltaML, which ranked 18th on the Report on Business's list of Canada's top growing companies. (AltaML/YouTube)

The other Edmonton-area companies on the list were:

  • CarePros, Charles Wong's home-care company for children with complex needs (23rd);
  • Aventura Marketing, Jatin Maheta's direct sales and marketing agency (44th);
  • Olsa Tools, a Nisku-based manufacturer of hand tools and organizers run by Charles-Antoine Marois (110th);
  • SmartProgram, Jerrod Lucas's company providing vehicle protection services in Western Canada (168th);
  • Dragon Industrial Services, Scott Dragon's Leduc-based contractor specializing in refractory installations (197th);
  • Insight Psychological, a mental-health company run by Cory Hrushka and Hendriatta Wong (327th);
  • Dynamic Manufacturing Solutions, an operational efficiency company led by Mark Hamblin (361st);
  • Keeran Networks, an IT services and support company run by Rishi Patel and Edward Aronyk (374th).

The ranking was launched by The Globe and Mail's Report on Business in 2019. Participating companies apply to be considered and have to supply financial documentation to support their growth claims.