Feds reveal breakdown of $750-million VC funding envelope, open Growth VCCI applications
Two programs total $1.75-billion boost to Canadian venture capital ecosystem.
1Password tops $500-million USD ARR on the back of accelerating AI demand
Developers using 1Password to deploy agents have helped the Toronto tech firm expedite its growth.
VentureLab CEO Hugh Chow leaves hard tech incubator after three years
Long-serving VentureLab executive Sep Assadian has stepped in as interim replacement.
Live event marketing tech startup Hive brings on Frontier Growth with Series B
Kitchener-Waterloo software firm says majority secondary $27-million USD round “isn’t a venture investment.”
Repeat tech entrepreneur Ryan St. Germaine joins Raven as partner
St. Germaine comes aboard as Vancouver-based Raven gears up to raise another fund.
Shopify CTO Mikhail Parakhin to depart after two years
Parakhin, who helped Shopify “level up” in engineering and ML, is transitioning to advisor.
Inovia secures $200-million USD first close for sixth early-stage VC fund
Fund VI will be Inovia’s “first completely AI-native fund” and focus on frontier tech.
Tenstorrent secures $1.5 billion USD at $6.2-billion valuation to challenge GPU dominance
Canadian-founded chipmaker is betting that the future of AI inference is open-source.
Mecka AI recruits growth hackers behind “IRL sidequest” app Thirdspace
Thirdspace’s founders have been tasked with scaling Mecka’s home data capture app.
10KC co-founder talks engineering an exit and spotting fake term sheets
David Wilkin unpacks the startup’s learnings from failed sale to successful outcome at TechExit.
McKinsey alumni raise $2.5 million USD to build AI for industrial manufacturers
Toronto’s Aerium has set out to build “the next Siemens of the world.”
Teens excited, hesitant about Canada’s proposed youth social media ban
High school students at Rally sit down with senator to sound off on social media regulation.
Promise Robotics strikes deal to supply largest US homebuilder DR Horton
Toronto AI homebuilding startup to open its third factory in Phoenix, Arizona.
Should Carney give Canadian tech a (tax) break?
Plus: Banks likely won’t be part of Real-Time Rail’s first phase.
Pioneering safety researcher Paul Christiano unpacks AI’s “dangerous moment”
Hinton Lectures distinguished speaker thinks it might be hard for humanity to prevail against rogue AI systems.