Radical Ventures launches $800-million USD AI growth fund
New fund marks Toronto-based Radical’s first that focuses on later-stage AI companies.
Canadian VC investment grows in Q2 but seed funding a cause for concern
CVCA report says PE stays hot as public Canadian tech firms keep going private.
Kraken appoints Alex Mehrdad as new leader of crypto exchange’s Canadian operations
Mehrdad succeeds Mark Greenberg, who was recently promoted to a new global role.
Power marks up value of stake in Wealthsimple for third consecutive quarter
Hike to $1.5 billion CAD reflects rise in public markets and Wealthsimple’s performance.
National Bank reinvests as Walnut secures $4.6 million to expand embedded insurance capabilities
Telus, Diagram, Portage back Toronto insurtech startup’s platform development plans.
Perceptive Space emerges from stealth with $3.9 million to help predict solar flares and other ‘space weather’
Toronto space tech startup aims to ensure safer satellite launches and operations.
Former Delve Laboratories, Dialogue leaders secure $2 million to help cyber insurance brokers sell policies and assess risk
Inscora plans to launch its “value-added cyber insurance” software by the end of 2024.
Former McMaster researchers announce $2 million to bring endometriosis test to market
Hamilton-based Afynia aims to improve the way endometriosis is diagnosed.
Airwallex continues Canadian expansion with Float partnership
Multinational FinTech to power Toronto-based Float’s recently launched bill pay offering.
Nascent AI user research startup Cycle acquired by US blockchain platform Crossmint
Crossmint counts Mastercard, Red Bull, and Coinbase among its 30,000-plus customers.
Cohere lays off five percent of staff a day after announcing $500-million USD Series D
Toronto generative AI startup cuts around 20 employees as part of “internal realignment.”
Clio tops $4-billion CAD valuation with largest software funding round in Canadian tech history
New investors pool $900 million USD after legaltech hits $200 million in ARR.
Ethica secures $2.3 million to deliver “enterprise-grade” internet access to emerging markets
GreenSky-backed Ethica aims to improve internet reliability across Africa, India, other regions.
Ex-DeepMind researchers secure $17 million CAD to bring generative AI to video games with Artificial Agency
Toyota and Radical-backed startup aims to transform NPCs, game systems with AI.
Ceragen closes $2.7 million CAD to boost greenhouse food production with “probiotics for plants”
After developing tomato and lettuce products, Ceragen aims to grow into cucumbers and strawberries.