Ex-General Fusion employee raises $4 million USD for fusion diagnostics startup Daedal
Toronto-based firm provides plasma measurement systems for fusion companies.
Biossil hits unicorn status with new OpenAI-led financing
Toronto-based biotech raises $153 million USD to give discarded drug candidates an AI-assisted second chance.
Waabi COO says company’s autonomous trucks are ready for deployment
Lior Ron foresees deployment across the Southern US by next year after Volvo completes technical validation.
Thinkific lays off 30 percent of employees as part of enterprise push
EdTech company cuts 96 employees as it pulls away from “very small” business customers.
BlackBerry reports strong Q2 earnings thanks to automotive software revenue jump
Former handheld giant raises its fiscal outlook after surpassing its own expectations.
Clio CEO Jack Newton says Canadian VCs need to give companies a “home-field advantage”
Canadian VCs have pushed Clio for discounted terms. Newton argues it should be the other way around.
Nrth Festival’s inaugural opening night was a prompt to bring human control back to tech
Tech leaders talk human agency in the AI world as GROAT Kyle Lowry encourages entrepreneurs to chase their “yes.”
Elevate transforms into Nrth Festival in opening-night rebrand
After nine years as Elevate, tech festival updates name to provide direction in an increasingly uncertain world.
Heidi invests nearly $26 million to establish Toronto as North American headquarters
Australian healthtech plans to hire 30 more staff in Canada, its second-largest market.
Altis Labs raises $25 million USD Series A to expand AI for cancer trials
New funding will help build out a platform designed to detect treatment effects sooner.
Shopify becomes OpenAI’s first e-commerce partner with ChatGPT Ads integration
Integration allows merchants to sync storefronts and advertise directly inside ChatGPT in the US.
Aidan Gomez says Cohere won’t get into the business of making chips
Toronto AI company won’t follow competitors in pursuit of in-house semiconductors.
OpenAI managing director says Canada an “obvious place” for data centre
George Osborne also praised the country’s efforts to solicit international investment and boost AI adoption.
Terry Fox Research Institute commits $25 million to AI powered health projects
Fourteen Canadian projects can use TFRI’s secure platform to analyze “vast amounts of complex health data.”
Yoshua Bengio’s LawZero receives $300 million backing from Canada and Germany to pursue safer AI ambitions
Non-profit startup will use the funding to establish a Berlin office and a Canadian sovereign compute partnership.