Mining magnate Pierre Lassonde donates $50 million to establish deep tech institute at Polytechnique Montréal
Institute aims to establish itself as a partner for major tech initiatives in Bromont, Québec City, and Ottawa.
Shopify acquires search startup Vantage Discovery for undisclosed amount
Shopify CTO hints that Vantage’s AI-powered platform could help merchants advertise.
Vertu Capital promotes principal and “employee number two” Eric Kafka to partner
Kafka previously worked with Vertu’s founding managing partner Lisa Melchoir at OMERS Private Equity.
Kraken Robotics looks to peer further under the sea with $24.5-million acquisition of 3D at Depth
Acquisition of US-based firm to build on Newfoundland company’s subsea imaging expertise.
Novarc Technologies raises Series B round led by Export Development Canada
Novarc recently partnered with a Wisconsin-based welding manufacturer to develop AI-powered welding solutions.
Waabi develops realism metric to gauge reliability of autonomous vehicle simulators
Founder and CEO Raquel Urtasun calls on all AV developers to demonstrate their simulators are true to life.
Redbrick acquires New York-based newsletter advertising platform Paved
This is the software rollup firm’s fourth American acquisition over the past five years.
Xatoms and Knead take home top prizes amid strong Canadian showing at SXSW pitch competition
Canada was represented in five of the more than 70 companies pitching.
Deloitte Canada acquires grant matchmaker Pocketed for undisclosed amount
Deloitte pockets startup’s entire team including co-founders Brianna Blaney and Aria Hahn.
Canadian government opens $300-million AI Compute Access Fund in latest AI commitment
Fund follows recent refresh of feds’ AI Advisory Council and release of public service AI strategy.
Government of Canada commits over $6 billion to help businesses weather trade war
EDC and BDC get a big boost to support businesses affected by tariffs and market uncertainties.
DMZ Women Innovation Summit boosts women-led AI, farming, and health startups with $535,000 investment
Cashew, Migranium, Edie Farming, and Metronome emerge from pitch competition with new backing.
“My god, this is exhausting”: US delays some tariffs against Canada until April
President Donald Trump’s backtrack limited to Canadian goods covered under CUSMA.
Facit and OBIO reveal first cohort of women founders working on health and cancer innovation with WeSEED
Program aims to help women-led life sciences startups advance healthcare and homegrown IP in Ontario.
Toronto and Ottawa area companies receive $32 million in AI-focused FedDev funding
Ada, Mission Control, and Loop Financial among supported companies.