St. John’s-based atlantiq AI has received a grant of $64,425 from Newfoundland and Labrador's Business Growth Program in support of its Jarbiz software.

Jarbiz is an AI-powered copilot for enterprise-use cases. The software helps workers tackle complex information challenges by automating time-consuming analysis and synthesis tasks.

“Think of Jarbiz as building a foundational intelligence layer capable of understanding and reasoning over complex, highly regulated enterprise data,” said Nurul Ibrahim, CEO and Co-Founder, in a press release.

The provincial funding will be used to launch a pilot program to refine the Jarbiz platform and prepare for a full product launch targeted at mid-sized enterprises. The money will also leverage $75,000 from other sources and $125,700 from the company for a total project investment of $265,125.

In an interview last year, Ibrahim, formerly a Memorial University physics student, told Entrevestor his goal is to automate tasks for which small employers would otherwise need expanded staffs. For example, atlantiq AI can conduct account research for salespeople, as well as manage digital marketing campaigns.

“I think that’s our unique proposition,” said Ibrahim who co-founded the company in 2023. “It’s not just about chat; it’s about actually getting things done."

Atlantiq's software interacts directly with systems such as email servers and customer relationship management software, with users entering their credentials via sign-in pages from platforms like Google.

The company currently employs eight people, including AI specialists and experienced business leaders, and has plans to hire two more upon completion of this project.