Spellbook raises $50 million USD Series B led by Khosla Ventures
St. John’s-founded legaltech company hits $350 million USD valuation.
Canadian Startup News
Ex-Cohere execs Sara Hooker and Sudip Roy unveil new AI startup
Adaption Labs will focus on novel approaches to efficient AI.
“Stay tuned”: OpenAI teases Canadian office
ChatGPT maker cites Canadian AI talent, capacity, and capital as advantages in global expansion.
Canadian cloud providers unite to launch sovereign cloud offering for government
ThinkOn, Hypertec Group, Aptum, and eStruxture team up to keep data under Canadian control.
EQ Bank unveils new account for Canadian small businesses
Digital challenger bank offers small business owners high-interest account with no monthly fees.
Mila exploring venture fund to commercialize AI research
Former Circle K Ventures managing partner will advise on fund strategy as corporate VC fund winds down.
Mark Cuban-backed TransCrypts closes $20-million CAD seed round
Canadian-founded startup placing “significant focus” on hiring for its new Toronto office.
AI takes centre stage on Elevate’s opening night
From job loss to mental health, innovation leaders unpack the human impact of AI.
Former Dye & Durham leaders resurface with $100-million USD SPAC targeting Canadian tech
MAK Acquisitions eyes technology businesses that provide “critical solutions in niche markets.”
PhenoTips raises $2 million to expand “genomic health record” platform’s global reach
Startup will expand in Canada and the UK while laying groundwork in the US, Europe, and Middle East.
Cyclic Materials the first Canadian company to crack MIT Technology Review’s climate tech list
Annual list highlights “the most promising” companies tackling climate change on the planet.
Radical Ventures holds $650-million USD final close for new early-stage AI fund
Fund backed by $75-million USD contribution from The Canada Pension Plan Investment Board.
Felix eyes preventative health market with new “longevity” testing program
Canadian telehealth company expands beyond on-demand prescriptions for stigmatized conditions.
The Hinton Lectures return as AI’s safety cracks widen
The lectures will probe what it takes to keep increasingly powerful models in check.
TransPod partners with Canadian steelmakers for 1,000-km/h Alberta rail project
Algoma Steel and Supreme Steel to supply and build backbone for Calgary-to-Edmonton rail line.