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TORONTO, June 04, 2024--CIBC Innovation Banking announced today it has provided $10 million in growth capital to Spare, a leading provider of on-demand transit software. The funding will accelerate Spare's development of Artificial Intelligence (AI) solutions, helping to advance its mission to enhance public transit accessibility and efficiency for people underserved by conventional transit systems.
CIBC today announced it has received the Indigenous Reconciliation Award and the Innovation Award as part of the 2024 Employment Equity Achievement Awards (EEAA) organized by the Minister of Labour and Seniors for the second consecutive year.