CIBC Innovation Banking

CIBC Innovation Banking is a division of CIBC that serves entrepreneurs and investors in the innovation economy. Backed by CIBC, it offers financial capital, a broad network of connections, and insightful service to help growth-oriented companies and their investors secure funding, form partnerships, and scale operations. The bank's team combines capital solutions with practical guidance and access to a wide ecosystem of industry partners to support startups and venture-backed businesses through key growth stages.

Sean Duffy

Managing Director

Ab Makalo

Director, Innovation Banking

Paul McKinlay

Vice President and Head of US Originations

Mark R. McQueen

President and Executive Managing Director

Niramay CFA

Director, Relationship Management

Past deals in Utilities

NanoPrecise Sci Corp

Debt Financing in 2025
NanoPrecise Sci Corp specializes in predictive maintenance solutions for industrial equipment. It offers RotationLF, a hardware-software system that combines physics, material science, and data analytics to diagnose machinery issues and predict remaining time to failure. The solution extracts RPM, vibration, sound, temperature, and humidity data from a single sensor, using AI algorithms for anomaly detection and fault characterization. Serving sectors like petrochemical, utility, manufacturing, oil and gas, mining, and infrastructure, NanoPrecise Sci Corp was founded in 2015 with offices in Edmonton, Canada, and Bangalore, India.

SpryPoint

Debt Financing in 2025
SpryPoint specializes in cloud-based enterprise software tailored for electric, water, gas, and telecom utilities. The company offers a range of services designed to enhance customer service and operational efficiency for utility operators across North America. With a focus on smart solutions, SpryPoint provides proven cloud architecture that eliminates the need for hardware, along with application programming interfaces that facilitate improved performance and scalability. The company ensures seamless system updates and faster implementation, all while offering flexible and predictable pricing. By enabling business automation, SpryPoint empowers utilities to better serve their customers and optimize their operations.

NanoPrecise Sci Corp

Debt Financing in 2023
NanoPrecise Sci Corp specializes in predictive maintenance solutions for industrial equipment. It offers RotationLF, a hardware-software system that combines physics, material science, and data analytics to diagnose machinery issues and predict remaining time to failure. The solution extracts RPM, vibration, sound, temperature, and humidity data from a single sensor, using AI algorithms for anomaly detection and fault characterization. Serving sectors like petrochemical, utility, manufacturing, oil and gas, mining, and infrastructure, NanoPrecise Sci Corp was founded in 2015 with offices in Edmonton, Canada, and Bangalore, India.

Bidgely

Venture Round in 2023
Bidgely is a technology company that provides disaggregation-powered utility analytics and customer engagement solutions. Its cloud-based HomeBeat platform disaggregates household energy consumption to the appliance level, enabling utilities to understand usage patterns and tailor energy programs. The UtilityAI Platform delivers customer energy insights based on actual energy habits, supporting energy efficiency initiatives and consumer engagement for utilities serving residential customers worldwide. Bidgely uses machine learning to monitor energy data and identify appliance-level usage, helping utilities manage peak demand and reimagine customer engagement. The company serves utilities globally and is headquartered in Mountain View, California, with an office in Bengaluru, India.
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