Coveo, a Québec City-based provider of artificial intelligence-powered insight engines, has named Candice Faktor to its board of directors. Recently, Faktor worked as a general manager at storytelling platform Wattpad. Coveo’s backers include Evergreen Coast Capital, the private equity affiliate of investment management firm Elliott Management Corp., BDC Capital, Fonds de solidarité FTQ, Tandem Expansion Fund and Telesystem.
SAN FRANCISCO AND QUEBEC CITY (PRWEB) APRIL 26, 2018
Leader in AI-powered insight, recommendations and search engines, Coveo, has just announced the newest addition of its Board of Directors, Ms. Candice Faktor.
Recognized among leaders in the Gartner Magic Quadrant for Insight Engines 2017 and in The Forrester Wave™: Cognitive Search and Knowledge Discovery Solutions, 2017, Coveo is at the forefront of the technological revolution. The company recently announced its inclusion in SCALE.AI, a Canadian industry-led innovation consortium that has just been approved by the Canadian federal government as part its Innovation Superclusters initiative. Shortly thereafter, Coveo announced in April 2018 a $100 million investment, led by Evergreen Coast Capital.
The Quebec City based company is seeing tremendous growth and welcomes Faktor to contribute to its furthered success. Faktor was the recent GM at Wattpad, where she helped scale Wattpad to be one of the world’s largest storytelling platforms with over 50MM users. Candice also co-created Torstar Digital, a disruptive digital venture arm of Torstar, where over 7 years she invested in, launched and scaled over 20 mobile, social and digital businesses. She currently sits as an Associate of the Creative Destruction Lab, Canada’s leading deep tech incubator and runs a seed stage fund investing in exponential technologies and network effect businesses.
Coveo Chairman and CEO, Louis Têtu comments, “We are thrilled to have Candice as our newest Board of Directors member. She is equally determined to develop wealth creation in Canada and has tremendous experience in the tech industry.” With its recent $100M funding and an impressive product roadmap ahead, Coveo is in a position to redefine the way businesses personalize digital journeys with machine learning. Têtu adds, “Relevance is the new business currency, and there’s no question that AI-powered search and recommendations technology will power companies in the digital age. Candice and her rich expertise will allow Coveo to continue to deliver on our promise and we couldn’t be happier.”
Very passionate about putting Canada on the global stage for tech, Candice shared, “I am honoured to join the Coveo Board. Coveo has one of the finest executive teams I have seen in the SaaS industry and is enabling global enterprises to leverage AI to improve their customer experience and drive top line and bottom line growth. Coveo’s continued success helps put Canada’s AI ecosystem on the global map – not just as a research hub, but one that is building large, scalable AI businesses – something I deeply care about.”
Other Coveo Board of Directors changes effective today include Bill Shaheen, Operating Partner with Evergreen Coast Capital, commencing his position as a Board member, and Leo Annab retiring from the Coveo Board. Shaheen joins the Coveo Board with the previously announced investment of $100m in Coveo led by Evergreen. Têtu added sincerely, “We would like to thank Leo for his great contribution to the Coveo Board, helping the company grow exponentially over more than 5 years.”
Coveo uses intelligent search and AI technologies to personalize every digital experience for customers, partners, dealers, and employees. Coveo combines unified content, unified interactions and machine learning to deliver relevant information and recommendations across every business interaction, making websites, ecommerce, contact centers and intranets efficient, effortless and content-rich. Coveo is also embedded in many leading business applications from vendors including Adobe, Microsoft, Salesforce, Sitecore, Xero and more. Coveo partners with the world’s largest enterprise technology players and has more than 1,500 activations in mid-to-large sized global organizations across multiple industries.