News Summary

Charlottetown-based startup Tracktile has secured $1.25 million CAD in seed funding to expand its operations software for complex manufacturers, particularly in the food and beverage industry. The company, which focuses on small to medium-sized businesses, offers an intuitive, AI-driven platform that simplifies production planning, forecasting, and quality control. With a team predominantly based in Prince Edward Island, Tracktile aims to grow its global footprint and enhance its software’s capabilities, including a new vision detection feature. Since its pre-seed round in July 2024, Tracktile has grown significantly, increasing its annual recurring revenue from $24,000 to $300,000 and multiplying its customer base across North America. The funding round was co-led by BDC Seed Venture Fund and Island Capital Partners, with participation from Graphite Ventures.