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Acadia Partnering With Livelenz

As it seeks to raise $10 million in equity funding, Bedford, N.S.-based Livelenz Inc., has been selected to participate in two high-profile American programs and agreed to develop machine learning technology with Acadia University.

Livelenz, which develops real-time data analytics software for the quick service restaurant (QSR) and retail industry, issued a statement Friday saying that it is partnering with Acadia computer science experts explore using machine learning techniques, and predictive modeling, to increase the accuracy of restaurant sales forecasting.

Company President Greg Phipps also revealed in an email exchange after the announcement that Livelenz was the only Atlantic Canadian company chosen for the November cohort of 48 Hours in the Valley, the C100-organized event that introduces Canadian tech companies to Silicon Valley execs.  Phipps and Livelenz CEO and Co-Founder Joel Doherty will spend a total of about two weeks in the U.S. meeting potential investors and partners.