OSFI’s Fast Track framework is a wake-up call for Canadian banks
Former Peoples Group CEO says FinTechs and challenger banks now have a clearer path forward.
Canadian Startup News
Ottawa gives NRC $900 million for drone innovation hub and defence-focused IRAP stream
Commitment comes through $6.6-billion Defence Industrial Strategy.
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.
Dominion Dynamics says it will invest $50 million to build a “sovereign autonomous wingman”
Uncrewed aircraft will be designed to fly alongside crewed fighters.
UniUni raises $85 million USD as it scales gig-powered delivery across North America
Beijing-based PE firm leads $30-million equity round, with RBC providing $55-million credit facility.
Alberta’s technology minister continues data centre courtship at Digital Innovation Forum
Nate Glubish pitches province’s energy, low taxes, and cool climate.
Svante buys Alberta’s Carbon Alpha Corp.
Deal includes Carbon Alpha’s North Star carbon capture project in Meadow Lake.
OpenAI sets new safety standards following Solomon meeting and pressure over Tumbler Ridge response
After meeting with Sam Altman, Canada’s AI minister says OpenAI is taking “immediate actions.”
Ssense cut more than 200 jobs days after founders won bid to buy back company
Layoffs follow a Québec court decision that blocked lenders push for an asset sale.
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.
Blackline Safety pairs connected gas detection with K9 leak hunting
Harness-mounted G6 devices log GPS-tagged readings to validate detections along pipelines.
Syantra’s breast cancer blood test isn’t looking for cancer at all
Calgary startup plans a summer launch for Onco-ID, a breast cancer test built around immune signals.
Kraken dives deeper into defence with $615-million Covelya Group acquisition
Acquisition would create a larger subsea player spanning defence and commercial markets.
What’s powering the algorithm that gets you a good night’s sleep?
How NovaResp is using student talent and AI to improve sleep apnea therapy.
Spellbook looks to scoop up legal AI competitors with $40-million USD in debt financing
Legaltech startup on track to hit $100-million USD ARR off faster-than-expected growth.