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The $200 million in funding is one of the largest venture capital rounds in Canadian history, and follows a record-breaking year for Canadian tech.
“We’ve launched an exclusive program to help Autonomous Driving Startups scale through access to Microsoft’s top engineers, technologies, up to $120,000 in Azure credits, go-to-market strategies, and more. This will help support pioneering startups who are defining what is next in autonomous driving by helping them scale up and scale out through business and technical enablement.”
– Adam Nanjee, MD of Microsoft for Startups Canada
The proceeds will be used to continue the expansion of Adarga’s data science and software engineering teams and to roll out internationally.
Toronto-based Parity, which builds software that uses AI to eliminate energy waste in multi-residential buildings, has received $1.25 million in venture debt from Silicon Valley Bank.
Nomad Go raises $2.7M to help brick-and-mortar businesses use AI to level field against online retail
Backed by Flying Fish Partners, along with Fitz Gate Ventures and Vulcan Capital, Nomad Go announced the raise of seed capital on Thursday, which it intends to use to scale sales and expand product offerings.
The fresh funds bring the startup’s total raised to over $100 million, which CEO Kale says will accelerate its mission to become the top AI platform to reduce spend, comply with policies, and streamline processes.
The Alberta Machine Intelligence Institute (Amii) has launched Amii Innovates, a program aimed to guides teams and businesses in AI adoption.
Anti-fraud startup Shape Security has tipped over the $1 billion valuation mark following its latest Series F round of $51 million.
San Francisco-based Grammarly, which has developed an AI-powered digital writing assistant, is opening its newest office in Vancouver.
Dimension14 is working on an AI engine for scheduling patients and doctors — mapping out personalized journeys for both.
CryptoNumerics has released a new tool, Re-Identify, to help companies test and measure whether their datasets protect the identity of users and customers.
The fabric of space-time may get its robustness from a network of quantum particles, according to a principle called quantum error correction.
‘We don’t go fast and break things’: Canada’s banks try to manage risks as they cautiously push into AI
As banks roll out AI, executives and engineers are keen to show they can harness the technology and explain its consequences.
Lightship Works, a SaaS startup based in Kamloops, BC, is integrating AI into its disaster response mobile application to help first responders during natural disasters and other critical incidents.
Backing the round is U.S.-based CourtsideVC, France’s Ventech Capital and Danish firm VC Seed Capital. Veo says the new capital will be used to launch in the U.S.
A new Montreal-based platform wants to connect upcoming data scientists and engineers to real-world internship opportunities.