Calgary, AB – September 9, 2025 – Ultimarii Ltd. has raised $5.2 million to scale its platform designed to transform how major projects move through regulatory processes. The company’s AI enabled platform can assess the feasibility of complex projects in minutes, pinpointing potential risks that might otherwise lead to years of regulatory delays.
By rapidly analyzing thousands of pages of regulatory filings, Ultimarii helps both regulators and project proponents surface critical issues, compare them against historical approvals, and focus resources where they matter most. The platform aims to streamline decision‑making, reduce uncertainty, and improve transparency in project approvals.
Ultimarii was co‑founded by the Hon. Doug Schweitzer—former Alberta Minister of Justice and former Minister of Jobs, Economy and Innovation—and technology entrepreneur Josh Malate. Their combined expertise in law, government, and technology has guided the company’s mission to make regulatory systems more effective for industry, regulators, and the public alike.
Senior Advisors Strengthening Ultimarii’s Impact
Ultimarii is supported by a team of senior advisors who bring deep regulatory, legal, and industry expertise to guide the company’s growth and ensure its platform addresses the most pressing needs in Canada’s major project review process.
- Grant Sprague – Former Deputy Minister of Energy for Alberta, bringing decades of experience in provincial energy regulation and policy.
- Gitane De Silva – Former CEO of the Canada Energy Regulator, providing unparalleled insight into federal and provincial regulatory frameworks.
- Other Industry Leaders – Ultimarii’s advisory group also includes senior executives and experts from across Canada’s energy, infrastructure, and legal sectors.
Together, these advisors strengthen Ultimarii’s ability to bridge the gap between regulators, industry, and the public—helping create a more predictable and trusted pathway for the development of critical projects.
Strategic Partnerships
Ultimarii’s latest funding round was led by Staircase Ventures, with participation from Alpaca VC and Scale Good Fund, bringing sector-savvy capital and operating expertise to scale Ultimarii’s platform. The investors are based in Alberta, Toronto, and New York, signaling cross‑border conviction in regulatory technology that can align proponents and regulators while preserving rigor.
Ultimarii’s momentum is reinforced by collaborations with the Alberta Machine Intelligence Institute (Amii), Alberta Innovates, Opportunity Calgary Investment Fund, and PrairiesCan. These partnerships demonstrate aligned support from government and industry to advance applied AI, accelerate commercialization, and position homegrown regulatory technology for global impact.
Quotes
“In Canada, the conversation has shifted from whether we should build to how we can build faster while maintaining rigorous standards—and that requires innovation at every step of the approval pathway. If we want ports, energy corridors, critical minerals and nuclear power approved this decade—not the next—we have to modernize the process with technology that’s transparent, reliable and built for Canada’s regulatory reality.”
— Doug Schweitzer, Co-Founder“At Staircase Ventures, we look for founders who match a compelling vision with the grit and leadership required to realize that vision. Ultimarii exemplifies the best of Canadian innovation – leveraging world class talent to create solutions with significant, long-term, positive impact.”
— Janet Bannister, Founder and Managing Partner, Staircase Ventures“Canada’s strength in AI stems from our ability to convert world-class research into real-world solutions. Partnerships like this, which bring together Canadian startups and leading research institutes, are vital to driving innovation and ensuring Canadian leadership in the global AI race. We’re proud to support Ultimarii as they shape the future of the regulatory process.”
— Cam Linke, CEO, Alberta Machine Intelligence Institute (Amii)
For media inquiries, please contact:
Josh Malate, CEO of Ultimarii Ltd.
