AI startups dominate latest Google for Startups Accelerator’s Canadian cohort
Ten of the 14 startups in the latest cohort claim to be using AI or machine learning as part of their core offering.
Canadian Startup News
Exclusive: ApplyBoard secures $100-million CAD credit facility to fuel global expansion
With Canadian student visas projected to drop, ApplyBoard targets Europe and Asia.
PathPresenter to establish subsidiary in Waterloo Region following Series A round
Canadian-led AI pathology startup believes a physical presence in Canada will drive its push into the local market.
Armed with $2 million CAD, SecondShop launches B2C ‘re-commerce’ platform to change how Canadians buy
Harvest Venture Partners believes its studio’s fastest-growing venture has a first mover advantage.
Coveo snags SIF investment as AI project funding flows during ALL IN 2024
Oceans Supercluster also doled out $4.5 million and Scale AI teased a call for projects.
Xatoms, Permalution among 10-startup RBC Women in Cleantech accelerator cohort
Program from MaRS and RBC looks to support woman-identifying or non-binary founders of Canadian cleantech startups.
BDC appoints Geneviève Bouthillier as head of BDC Capital amid “uncertain market conditions”
Bouthillier replaces Jérôme Nycz as VC lead following his sudden departure after 22 years at BDC.
Ecomtent closes $1.15 million CAD in pre-seed funding for its AI-powered content generator
Startup led by ex-Amazon exec and AI scholar wants to help retailers sell in the AI era.
BDC writes down venture capital portfolio by $220 million in annual report
Crown corporation attributes value shortfall to “uncertain market conditions” despite posting higher than expected net…
Zūm Rails moves recently-named CEO Miles Schwartz to Miami to lead US growth initiative
Omni-rail payment solution saw 75 percent increase in its US business over the last year.
Global trends report shows AI adoption still lags in Canada
In Canada, only 35 percent of organizations say AI is ‘widely implemented.’
Disaster restoration startup Kahi looks to solve “adversarial relationship” between insurance companies and subcontractors with IoT
Spun out of a subcontracting company, Kahi raised $2.3 million CAD led by BDC Capital Seed Venture Fund.
Canadian AppDirect co-founder launches Landbase with Inovia, Desmarais family backing
Landbase has closed $12.5-million USD in seed funding for its AI-powered go-to-market solution.
OMERS Ventures to be moved under new Private Capital group run by Michael Block
Reorg follows PE head retirement, tasking Block with overseeing portfolio that includes venture, green tech, growth.
Union representing Canadian Paper tutors threatens legal action following mass layoffs
Union says no complaints have been filed yet, but “several lawyers” are working the case.