Cohere teams up with Swedish defence firm Saab on AI for surveillance jets
Agreement marks the latest step in Cohere’s push to integrate its AI into defence technology.
Spark Microsystems secures additional $17 million in Series B funding
Montréal chip firm aims to enable next-gen, short-range wireless communications.
UBC and InBC launch new fund to support university spinouts
Private capital will add to $10-million contributions from both UBC and InBC.
Hopper’s biggest customer is bringing its travel platform in-house
Capital One takes over operations of Capital One Travel, reportedly bringing on many Hopper staff.
YScope closes $3.9 million USD to track computer activity amid the rise of agentic AI
Two Small Fish backs U of T spinout’s logging infrastructure technology.
Photonic names former Microsoft Xbox head Don Mattrick CEO
Former leader Paul Terry moves to CPO as BC quantum firm makes commercialization push.
Boreal Ventures launches second seed fund with $43-million first close
Ex-Lightspeed head JD Saint-Martin takes over as co-managing partner as Montréal VC aims to raise $60 million.
Paving the way for a Canadian defence-tech boom
Plus: BetaKit Most Ambitious returns on May 25.
Citing market conditions, Loopio cuts 12 percent of staff
Company says move is focused on sustainable growth.
BDC expands Defence Platform to $6 billion and names a StrongNorth Fund leader
Feds inject $1.2 billion more into BDC’s strategy to help SMBs seize defence opportunities.
Ontario Teachers’ venture growth portfolio posts 30 percent gains in 2025
As SpaceX and Databricks soared, private equity dragged on the pension fund’s results.
Janet Bannister’s Staircase Ventures closes $50-million second fund
BDC Capital, University of Alberta, InBC join early-stage Toronto VC firm’s LP base.
CVCA and NACO offer competing visions for feds’ $750-million venture envelope
NACO points to early-stage gaps, while CVCA wants capital committed to growth.
Versos wants to turn video libraries into fuel for AI training
New Brunswick startup launches platform to turn studios’ videos into structured datasets.
Ottawa makes first RDII investments in Ontario with $15 million for CDL Defence and Wolf Advanced Technology
Money will support CDL’s defence accelerator and Wolf’s high-performance computing systems.