Healwell AI invests $2.7 million CAD into Elon Musk’s xAI to tap into company’s expertise, resources
Healwell CEO touts access to xAI’s closed developer program as big potential benefit.
IGM Technology joins Lead Edge Capital’s portfolio with strategic investment
The $5-billion growth equity firm counts Alibaba, Bumble, Uber, and more among its portfolio.
INOVAIT and federal government invest $10.7 million across seven image-guided therapy tech projects
Private contributions bring the collective project values up to $32 million.
Bitcoin miner Hut 8 to receive $150 million to provide AI computing power
Hut 8 shifted its headquarters from Toronto to Miami following a merger last year.
Former 7Geese leaders secure seed funding for new AI-powered performance management platform
Armed with $2.5 million CAD, Topicflow looks to double its team.
Ottawa companies receive FedDev funding for AI, semiconductor, biotech work
FedDev invested nearly $20 million across nine Ottawa-based companies.
DistriQ joins Quantum Industry Canada as advocacy group continues membership drive
Quantum Industry Canada has added more than 20 members and affiliates since the beginning of 2024.
Nesto acquires mortgage-lending giant CMLS Group
Nesto says the combined entity will have more than $60 billion in mortgages under administration.
VoxCell BioInnovation takes the crown at the last-ever Collision PITCH competition
VoxCell’s 3D bioprinted imitation of natural soft tissue helps pharmaceutical companies test new drugs faster.
H|T: The Healthtech Times – BC’s Kardium secures $143M CAD for heart treatment
Plus: Telehealth execs charged with fraud.
Binance is appealing $6-million CAD fine from FINTRAC, report says
Canada’s anti-money laundering agency fined the crypto exchange in May for registration and reporting failures.
Accelia Capital promotes Julien Letartre to become its third partner
Letartre joined Accelia in 2022, bringing experience from Caisse de dépôt et placement du Québec.
R|T: The Retail Times – Shopify achieves $1 trillion GMV
Plus: Canada’s competition watchdog has Amazon in its crosshairs.
Propulso raises strategic funding to facilitate US expansion
Propulso says the funding has already allowed it to double its workforce.
PragmaClin, Willful, NovaResp among nearly 30 healthtech startups backed by new CABHI funding
Each startup is receiving between $150,000 to $500,000 based on company stage, needs, and evaluation processes.