Federal government names six funds to distribute $50 million VCCI life science financing
Pender Ventures, Amplitude Ventures among recipients.
Canadian Startup News
Vivid Machines raises $5.8 million CAD to help growers virtually monitor fruit trees
Toronto startup uses imaging and AI to monitor crop production.
Thales to build cybersecurity hub, hire 110 people in Fredericton with government funding
The hub will also house Thales’ North American cybersecurity centre.
Inside the reborn OneEleven
Less than two years after the Toronto tech hub’s sudden closure and reopening, its managing director says the “turnaround…
Ocean Supercluster tops up 16 projects with $23 million to drive commercialization
Ocean Supercluster wants to strengthen, grow supply chains while accelerating commercialization.
Flash Forest raises $11.4 million CAD to support reforestation using drones and AI
Manual reforestation can be labour-intensive, but this startup claims it can be done in a flash.
Academics, CEOs push for AI regulation, as Canadian companies race to adopt the technology
Ada, AlayaCare, Hootsuite, and Unbounce have all rolled out new AI products.
Yield Exchange raises $700,000 CAD to simplify access to guaranteed investment certificates
Yield Exchange won two pitch competitions at SAAS NORTH 2022, taking home $110,000.
KB Nam officially named president of Wattpad following recent leadership change
KB Nam was hired as interim president following two previous leadership departures.
Raghwa Gopal to retire as head of Innovate BC, kicking off search for new leader
Gopal previously helped create Okanagan’s first startups accelerator.
AI beauty lab Omy raises $11 million CAD to expand personalized skin care product line in North America
Omy launched its AI virtual skin consultant in 2020.
Certn targets global expansion of background check tech with $30 million USD Series B extension from EDC
M&A key part of Certn’s strategy as it looks to expand in Europe, Africa, Asia.
Medfar secures $30 million CAD, looks to acquire more electronic medical record software providers
Medfar was built by two aeronautical engineers who wanted to digitize health clinics
Optable raises $26 million CAD to help companies improve advertising campaigns
Optable is backed by a group of corporate venture investors.
Fairly AI raises $2.2 million CAD to help AI firms comply with forthcoming regulatory requirements
Fairly wants to accelerate the broad use of fair and responsible AI.