Biossil hits unicorn status with new OpenAI-led financing
Toronto-based biotech raises $153 million USD to give discarded drug candidates an AI-assisted second chance.
Canadian Startup News
Tailscale, Windscribe co-sign open letter asking feds to further amend Bill C-22
Canadian and European tech companies still have concerns over federal “lawful access” bill.
UniUni seeks new round of private funding as SPAC deal falters
Delivery company enters term sheet with existing investor after MAK Acquisitions challenges deteriorating finances.
Laura Lenz appointed new head of OMERS Ventures
Longtime VC replaces Saar Pikar after third executive departure in three years.
Feds give Mitacs $162 million for AI internship program for smaller Canadian businesses
Federal government will fund 10,000 paid placements for students and recent graduates in AI-related fields.
Waabi COO says company’s autonomous trucks are ready for deployment
Lior Ron foresees deployment across the Southern US by next year after Volvo completes technical validation.
Women without sponsorship face larger barriers to career advancement in tech, new report finds
Toast Institute says women in middle management receive significantly less professional sponsorship.
Cleantech’s opportunity is sustainable, reliable, and valuable supply chains
At Nrth Festival, founders laid out the value of investing in cleantech to shore up critical mineral supplies.
Thinkific lays off 30 percent of employees as part of enterprise push
EdTech company cuts 96 employees as it pulls away from “very small” business customers.
Devolutions wants to support Québec’s IT ecosystem with corporate venture capital
IT services firm has already invested $10 million CAD in tech firms through its new venture division.
BlackBerry reports strong Q2 earnings thanks to automotive software revenue jump
Former handheld giant raises its fiscal outlook after surpassing its own expectations.
Clio CEO Jack Newton says Canadian VCs need to give companies a “home-field advantage”
Canadian VCs have pushed Clio for discounted terms. Newton argues it should be the other way around.
Axya closes $17-million Series A to modernize manufacturing procurement
McRock, Yamaha, CIBC back Axya’s plan to help manufacturers automate sourcing and purchasing.
How founders are rethinking capital in the AI era
CIBC’s Gradient Ascent Podcast examines how AI is changing round timing and allocation.
Woveo partners with BDC on business microlending program
The $10-million project aims to expand capital access for small and medium-sized businesses.