Canada’s AI strategy looks to shift government from startup supporter to stakeholder
New $500-million fund will take equity stakes in promising Canadian AI firms.
Scispot closes $8-million USD Series A to become the operating layer for life sciences labs
Singh brothers aim to provide the infrastructure to power self-driving labs.
Mecka AI announces $60 million USD to power physical AI
Canadian-led startup aims to build “the data and deployment layer” for robotics.
AI could democratize access to expert coaching, sports tech entrepreneurs say
Industry leaders see AI as a “complementary piece” of the puzzle alongside actual coaches.
Canadian B2B software firms are falling behind in agentic AI: report
Georgian survey shows domestic companies lag international peers in “foundational” AI adoption.
Arteria AI CEO Shelby Austin is wary of Canada naming national tech champions
Austin argues the country needs to “widen our aperture” and let the market pick winners.
Canadian startups face a home-market adoption problem, CentML co-founder says
Before it sold to Nvidia, Toronto AI startup struggled to find local adopters willing to take a risk.
Quantum chemistry for drug discovery still hasn’t had its “ChatGPT moment,” biotech founder says
ProteinQure’s co-founder argues “messy biology experiments” are still the bottleneck.
Award-winning author Ken Liu is not afraid of AI slop
Liu is fine with AI coding, but finds the notion of it writing stories for him “revolting.”
Defence tech founders are frustrated with Canada’s approach to “dual-use”
At Arctic Edge conference, VCs offered a mea culpa while outlining why dual-use tech is here to stay.
Cold front
Dominion Dynamics aims to become Canada’s first line of defence in the Arctic.
Peripheral establishes first biomechanics basketball shooting lab in Toronto
U of T robotics grads and ex-racecar builders return to apply self-driving tech to sports.
Xanadu strikes deal to raise up to $300 million USD
Toronto firm announces the deal the same day it claims quantum breakthrough.
Angel Investors Ontario joins CSCA as it makes new pitch for government funding
With its future still uncertain, AIO hopes the CSCA will help advance its mission nationally.
N49P’s $25-million USD first close for Fund IV will help it hunt more “diamonds in the rough”
Toronto VC firm aims to raise $70 million to invest in more nascent tech startups.