Sleep tech startup Smart Nora files for bankruptcy after tariffs derail product launch and fundraising attempts
Investors turned away from hardware startups, creating a funding gap that couldn’t be bridged in time, CEO says.
GeologicAI cashes in on data centre boom with $60.5-million CAD Series B
Mining tech startup will use funding to scale globally as demand for critical minerals intensifies.
Canadian drone maker ZenaTech expands US presence “earlier than expected” in response to Trump policies
It is now “dramatically easier and faster” for Toronto drone company to sell directly to the military.
Flo shutters Shawinigan EV charger plant, lays off 80 employees citing trade tensions and shifting political dynamics
CEO believes the move is “a responsible step” toward profitability.
Moonvalley raises additional $84 million USD to meet demand for its Hollywood-friendly AI video generator
Toronto-based company has raised $154 million since founding in 2023.
Pharmacy AI agent Asepha raises $4 million USD to double staff and open New York office
Asepha answers the phone and files prescriptions so your pharmacist doesn’t have to.
Minister Evan Solomon unveils fresh AI project funding to address “crisis moment” at Scale AI event
Twenty-three Québec-led projects will receive almost $100 million in combined public-private funding.
Canadian co-founded eSIM provider Airalo hits unicorn status with $220-million USD Series C round
COO Abraham Burak left the University of Ottawa to launch the billion-dollar business.
Cobionix secures $4.1 million to commercialize its collaborative medical robot
Funding to support pilot projects that move CODI the robot “from bench to bedside.”
OpenText CFO Chadwick Westlake to succeed the late Andrew Moor as CEO of Equitable Bank
Westlake was being groomed for the EQB CEO job before joining OpenText five months ago.
Tenstorrent acquires Blue Cheetah to bring more chip design in-house
AI chipmaker had been licensing Blue Cheetah’s technology since last year.
VitalHub acquires referral platform Novari Health in deal worth up to $48.6 million
VitalHub said the referral management market is a “a key area of investment” for governments around the world.
Deep Sky science chief Phil De Luna departs company to “build something new”
De Luna said he had “outgrown” his current role at the carbon capture startup.
HR platform Workleap adding compensation management features through acquisition of Barley
Talent management software is also preparing to launch Workleap AI tool within the next week.
Toronto tech gets in on the joke at the Tech Roast Show
Comedy show revealed nuggets of truth about the state of Canada’s tech job market.