Ex-Shopify engineers raise fresh financing to scale Turbopuffer’s AI search
Ottawa startup secures funding from Lachy Groom and Joshua Kushner’s Thrive Capital.
GeologicAI acquires Finland’s Lumo Analytics to round out suite of critical minerals sensors
Lumo’s LIBS technique uses lasers to rapidly analyze core rock samples for critical minerals.
Queen’s University recruits Ian Karlin from Nvidia in bid to build Canadian supercomputer
After working on leading supercomputers abroad, Karlin wants to help boost Canada’s computing capacity.
BDC tells VCs it’s willing to lift restrictions on defence investing
Crown corporation aims to support the build up of Canada’s defence industry.
Scale AI unveils $129 million for 44 new applied AI projects across Canada
AlayaCare, League, FluidAI Medical, MDA Space, and Vooban among recipients.
Assetflo closes $2 million USD to make clients’ every physical asset “searchable”
Kitchener-Waterloo startup’s mesh network tech already helps Fortune 500 firms track assets.
Microsoft to spend $7.5 billion on AI data centre expansion with pledge to protect Canada’s “digital sovereignty”
President calls project “the most important commitment in Microsoft Canada’s history.”
General Fusion reportedly faces pressure to go public after $51.5-million raise
Investors reportedly pushing company toward public markets as race for fusion power intensifies.
Nfinite nabs $4.6 million to prove it can make paper that performs like plastic
University of Waterloo spinout aims to scale tech that extends shelf life of paper packaging.
Feds unveil $358-million initiative to bolster Canada’s defence supply chain
Regional Defence Investment Initiative will be deployed by Canada’s regional development agencies.
CVC hits $30-million target for second Saskatchewan-focused fund
Conexus Venture Capital’s first fund made 17 investments in Prairies-based startups.
University of Toronto establishes AI research chair to recruit the next Geoffrey Hinton
Google and U of T are each providing $10 million to support the position.
MaRS innovation hub and insurance firm Definity launch new accelerator for climate adaptation startups
With insurance payouts from wildfires, floods, and storms on the rise, Definity sees room to help prevent them.
Shopify posts another record-breaking Black Friday, Cyber Monday despite partial outage
Shopify merchants sold $14.6 billion USD to over 81 million customers this BFCM.
US firm Forum Ventures bets on Toronto to build next wave of AI software startups
New $11.5-million USD fund will funnel capital to AI-native, B2B SaaS companies.