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The ElevateR competition allowed 16 startups to pitch in front of judges.
SenseHawk specializes in using data captured by drones to develop insight for projects within the solar industry.
Founded in 2012, Cluep is a mobile ad platform that targets people based on what they are sharing, how they are feeling, and where they have been.
The funding was led by 8VC, with participation from Optum Ventures, Alpha Edison, and Heritage Provider Network.
Darktrace, which uses artificial intelligence (AI) and machine-learning technology to detect and counter cyber threats, raised the funding from European private equity firm Vitruvian Partners and includes backing from existing investors KKR and TenEleven Ventures.
The project was incubated with an investment from the Ethics and Governance of Artificial Intelligence Initiative.
The initiative will focus on four specific areas: refugees and displaced people, the needs of children, disaster response, and human rights.
The next time you pull out your smartphone and ask Siri or Google for advice, or chat with a bot online, take pride in knowing that some of the theoretical foundation for that technology was brought to life here in Canada.
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