Public safety tech platform Versaterm acquires Texas firm DroneSense for more than $100 million USD
Versaterm CEO says deal “moves us closer to a future where drones are as routine as any patrol or fire unit.”
Ontario Premier Doug Ford officially cancels province’s contract with SpaceX’s Starlink
Province follows through on US tariff countermeasure, pays undisclosed break fee to Elon Musk’s company.
Yaletown Partners raises $100 million in first close for third Innovation Growth Fund
Vancouver VC firm is targeting a final close totalling $250 million within the next year.
Canada awards $14.6 million contract to space triumvirate to build its new lunar rover
MDA Space, Mission Control, and Canadensys to begin exploring size and scope of “long-term project.”
Cybersecurity startup Cavelo secures $5-million seed extension round led by Inovia Capital
CEO of Waterloo company claims growth over past year “has been nothing short of incredible.”
Growcer snaps up assets of bankrupt US rival Freight Farms
Ottawa-based modular farming startup now has over 600 new customers from 30 different countries on its plate.
Is Canada’s productivity saviour a hallucination?
Plus: OMERS Ventures refocuses on Canada under new leadership.
Ontario nurtures forest-based innovation accelerator CRIBE with $5-million investment
Funding aims to grow and commercialize companies creating forest-based solutions.
Femtech Canada hopes to bring women’s healthtech to market through its first commercialization program
Program provides $20,000 in commercialization assistance services from physician groups and contract organizations.
Eyam Health strikes partnership with Swiss non-profit to develop one-dollar malaria treatment
Eyam claims its AI drug discovery and delivery platform can develop treatment at less than half the usual cost.
AI-powered 9-1-1 call screening startup Hyper exits stealth with $6.3 million USD
Yukon-originated startup founded by repeat Canadian entrepreneurs Damian McCabe and Ben Sanders.
New innovation and knowledge hub to help showcase technology battling wildfires
The Wildfire Resilience Consortium of Canada fulfills objectives outlined by G7 leaders in Alberta last month.
Former Toronto Raptor Pascal Siakam dishes $50,000 in grants to winners of inaugural EdTech accelerator
NBA champion Spicy P teamed up with a panel of judges at the Siakam EdTech Engine Accelerator’s demo day.
Payroll platform Wagepoint appoints Xero North America lead Ben Richmond as president and CEO
Founding CEO Shrad Rao departed in January as the company shifted to scale-oriented leadership.
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.