Kraken Robotics raises $51.75 million CAD through bought deal public offering
Toronto-based investment bank Cormark Securities served as lead underwriter of the offering.
Thomson Reuters acquires American portfolio company Materia AI
Materia emerged from stealth earlier this year with Thomson Reuters’ backing.
Family office software MyFO secures $3.5 million USD seed round led by Rhino Ventures
Capital will be used to scale operations, improve product offerings, and expand its team.
PacifiCan and PrairiesCan commit $17.7 million to companies in Western Canada
BC and Alberta companies to receive funding include WaitWell, Avanti, and Ideon Technologies.
Inside FreshBooks’ struggle to reach profitability
FreshBooks is on a multi-year rollercoaster ride of executive turnover, staff reductions, and office shutdowns.
New funding for Kepler and Wyvern headline busy month in Canadian space tech
Wyvern and Kepler secure funding, Mission Control inks big partnership, and Volta Space preps for launch.
NCC commits $22.8 million to 37 cybersecurity projects
Projects funded by National Cybersecurity Consortium to focus on commercialization, development, and training.
Fable raises $25-million USD Series B round from Five Elms Capital to tackle accessibility in AI
Disruption Ventures gives up board seat to Five Elms after exiting its Fable position.
Ontario launches second phase of life sciences strategy to bolster research and funding
$146 million commitment to support new Life Sciences Scale-Up Fund, wet labs programs, and procurement.
Rivercity Innovations freshens up with $2 million CAD to further expand cold chain monitoring around the world
Round marks first major investment by StepChange, a growth capital firm targeting Western Canada.
‘AI godfather’ Geoffrey Hinton co-wins 2024 Nobel Prize in Physics
British-Canadian University of Toronto professor has repeatedly warned against the unchecked development of AI.
BlueCat Networks to acquire San Francisco-based LiveAction from Insight Partners
Insight will remain a minority investor in the network intelligence solution.
Fujitsu launches Cohere-powered Japanese LLM for enterprise use
Fujitsu invested in Cohere as part of a partnership to develop an LLM for the underserved language.
Koho secures $190 million CAD in equity and debt to bolster banking licence efforts
CEO said he’s not betting the company on banking licence at Elevate.
Nano One to increase battery material manufacturing capacity with funding from US Department of Defense
$17.8 million CAD to support Nano One’s Candiac, Québec and British Columbia facilities.