CIBC Innovation Banking Provides $10 Million Growth Capital Financing to Clariti
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: Business Wire
VANCOUVER, British Columbia--(BUSINESS WIRE)--CIBC Innovation Banking today announced $10 million in growth capital financing for Clariti, a leading provider of purpose-built community development solutions for North American local governments. This funding will accelerate the development of new product features, support the ongoing integration of permitting technology provider Camino, which was acquired by Clariti in 2023, and be reinvested in customer service teams to support the company’s rapidly growing customer base across North America.Clariti’s platform helps governments of all sizes simplify the permitting process, from pre-application to review and approval. Clariti customers report greater staff and resident satisfaction, and a significant reduction in calls, counter visits, and permit issuance time. Clariti is trusted by many local governments across Canada and the United States. The cities of Albany, NY, and Honolulu, HI, recently announced selecting Clariti to simplif
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Earnings
- 5/30/24 - Beat
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Sec Filings
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- 6/28/24 - Form FWP
- 6/28/24 - Form FWP
- CM's page on the SEC website