Montreal-based Coveo announced that it will expand its office to accommodate 300 employees it hopes to hire by 2020.
This adds to the 75 existing employees and another 275 in Quebec City. The company expects to grow its presence to 700 employees by 2020. Coveo uses AI technologies and intelligent search to personalize digital experiences for customers, partners, dealers, and employees.
In April 2018, Coveo raised $100 million, and said at the time it had grown its R&D centres in Quebec City and Montreal to over 200 developers and data scientists.
“Coveo is a recognized global leader in the field of AI and digital personalization technologies, as measured by revenue growth, clients acquisition, and market analysts recognition,” said Coveo CEO Louis Têtu. “We are proud to be investing aggressively to grow right at home, in Montreal and Quebec, where our shareholders are, and where Canadians invest their hard earned tax dollars in world-class education and research.”
Coveo plans to expand its R&D by an expected 150 developers and data scientists, and will also be hiring marketing and customer care professionals. With the addition of these positions, the company said it’s on track to grow by 50 percent annual revenue growth rate.
“We are very proud to be putting down deeper roots in the Windsor Station and taking part in the restoration and preservation of a historical Canadian landmark built in 1887,” said Têtu. “Coveo is majority Quebec owned and operated, one of the fastest growing Canadian tech leaders, and our investment in AI and talent in Quebec is a commitment to the importance of creating value here with AI knowledge.”