Ultimarii Raises $13M+ Series A to Accelerate Critical Energy Infrastructure Across North America

We’re excited to announce that Staircase Ventures has invested in Ultimarii’s Series A financing round to help expand its regulatory intelligence platform across Canada and the United States following our initial Seed investment last year. Our conviction in the Ultimarii team, product and market opportunity has grown tremendously since then and has been validated by their strong commercial traction with leading North American energy, infrastructure, government and utility customers.

The Series A financing round was led by the BDC Capital Industrial Innovation Venture Fund, alongside Staircase Ventures, Mistral Venture Partners, Alpaca VC and angel investors with deep expertise in the energy and infrastructure sectors. The financing also includes debt financing from RBC and non-dilutive funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP).

For Ultimarii, the Series A round represents the acceleration of its larger ambition. The company’s thesis is that AI will create the greatest value in highly regulated industries when advanced technology is combined with professional expertise. As North America confronts the need to build an extraordinary amount of new infrastructure, we believe regulatory intelligence will become part of the critical infrastructure required to make that investment possible.

Unlike general-purpose AI systems, Ultimarii combines artificial intelligence with curated regulatory datasets, purpose-built workflows and embedded professional subject-matter expertise. The company’s regulatory data infrastructure now includes over 2 million curated documents across over 50 Canadian and U.S. regulatory bodies, including historical applications, decisions, hearings, rules, directives, tariffs and other regulatory records. This approach reflects Ultimarii’s belief about where AI will be most powerful within enterprises: the greatest value will come from combining powerful models with industry-specific data, integration into core workflows, embedded industry expertise, and in some cases, expert human judgement.

Staircase Ventures is proud to be part of this important mission at this critical time, alongside Josh, Doug and the entire Ultimarii team.