Chata Technologies Secures $10M Funding to Amplify AI in Finance
On January 21, 2026, Calgary-based startup Chata Technologies announced the successful closure of a $10 million USD Series A funding round. The funding is aimed at expanding its deterministic AI platform, specifically designed for the financial services industry. The round was spearheaded by private markets asset manager 7Ridge and Izou Partners, with contributions from existing shareholders, including founder and CEO Kelly Cherniwchan.
Chata’s platform brings a unique twist to AI-powered analytics by leveraging deterministic AI models, as opposed to the more prevalent probabilistic generative AI systems. Unlike generative AI, which can yield varying outcomes for identical input, Chata’s deterministic model guarantees 100 percent consistent responses to user queries. This feature addresses a crucial requirement in regulated financial environments where precision and auditability hold the utmost importance.
The innovative technology enables financial professionals to interrogate data using natural language, bypassing the “hallucination” issues that have hindered AI adoption in highly regulated sectors. By operating on CPU processors instead of resource-intensive GPU systems, Chata’s platform also provides significant cost benefits while preserving the accuracy necessary for compliance-heavy workflows.
“We are entering an era where precision is the only currency that matters,” said CEO Kelly Cherniwchan. “Neither financial professionals nor software developers can afford ‘likely’ answers; they need consistency.”
The Series A capital is set to fuel expansion into traditional finance, decentralized finance (DeFi), and wealthtech sectors. This comes as demand escalates for AI solutions that harmonize automation with regulatory compliance.