Xanadu in talks with government over potential $390 million for domestic quantum manufacturing
Project OPTIMISM would “significantly advance” company’s roadmap toward utility-scale quantum computing.
Alan raises fresh funding as it entrenches in Canada
French Insurtech firm raises 100 million euros to continue international expansion.
MDA Space seeks $300 million USD through IPO on New York Stock Exchange
Firm will keep TSX listing as it raises capital for growth and potential debt paydown.
Plurilock eliminates CTO and COO, cuts exec pay as part of profitability push
Cybersecurity company hopes to achieve breakeven this year.
Feds say TikTok can continue Canadian operations, but under new rules
After national security review, government reverses course on proposed ban of company’s Canadian operations.
Google for Startups Accelerator reveals 14 “AI-driven” companies in its Canadian cohort
Class of 2026 marks the first time 10-week program has hosted a startup from Sudbury.
Ottawa gives NRC $900 million for drone innovation hub and defence-focused IRAP stream
Commitment comes through $6.6-billion Defence Industrial Strategy.
Dominion Dynamics says it will invest $50 million to build a “sovereign autonomous wingman”
Uncrewed aircraft will be designed to fly alongside crewed fighters.
UniUni raises $85 million USD as it scales gig-powered delivery across North America
Beijing-based PE firm leads $30-million equity round, with RBC providing $55-million credit facility.
OpenAI sets new safety standards following Solomon meeting and pressure over Tumbler Ridge response
After meeting with Sam Altman, Canada’s AI minister says OpenAI is taking “immediate actions.”
Kraken dives deeper into defence with $615-million Covelya Group acquisition
Acquisition would create a larger subsea player spanning defence and commercial markets.
Ottawa puts $8.5 million behind 40 Atlantic Canadian AI projects
Evan Solomon announces support for Université de Moncton, Volta Labs, Digital Nova Scotia, and others.
Wealthsimple becomes first Canadian FinTech to join SWIFT network
Membership continues Toronto firm’s push into international payments.
Canada’s small businesses felt the “true cost of a fractured global economy” in late 2025
Xero report shows largest quarterly decline in sales growth since fall 2020.
Damon CEO, CFO, and board resign following prolonged struggle on public markets
Company’s future uncertain as more than 3,000 people wait for a Damon electric motorcycle.