Vessel raises $10.3 million to retool VC for the age of AI
Platform developed by two ex-LPs aims to automate “grunt work” for GPs and improve LP relationships.
Canadian Startup News
The program giving global founders a reason to build in Canada
ventureLAB’s Canada Catalyst launches startups into a world-class HardTech ecosystem.
MesoMat expects smart rubber to hit the road around the world as it builds out commercial tire-monitoring platform
McMaster spinout raises seed funding to build out its sales and commercial operations.
The can’t-miss events at Saskatoon Startup Week and Ottawa Innovation Week
Must-attend events include AccelerateOTT on June 12 and Saskatoon’s Fail Fest on June 13.
Government-backed program aims to help Canadian non-profits adopt responsible AI
RAISE hopes to make Canada a leader in AI for charities and social impact causes.
Taiv lands $14.4-million CAD Series A to put targeted ads on bar and restaurant TVs across North America
Winnipeg startup’s adtech solution aims to make business TVs more profitable and engaging.
Canada’s Bengio brothers offer new AI critiques, solutions
Plus: American chip giant AMD to acquire Untether AI team.
American chip giant AMD to acquire Untether AI team
AI inference chipmaker to cease supporting its products and shut down.
Investissement Québec records annual loss on VC and fund investments
Provincial investment agency’s overall $13-million return came in well below $194 million forecast.
ApplyBoard lays off employees due to “policy changes across major study destinations”
Edtech unicorn is focusing beyond English-speaking world as Canada and US cut immigration numbers.
Portless raises $24.7 million to be retailers’ port in a trade storm
Logistics startup gives importers alternative to up-front duties following end of “de minimis” exemption.
Rails launches hybrid crypto exchange after raising $14 million USD in token warrant sale
Toronto and Miami’s Rails claims to provide self-custody without sacrificing performance.
CarbonCure and VerticalScope replace founding CEOs as #CDNtech companies see turnover at the top
Adlib Software and Scope Technologies also recently shuffled the C-suite.
Fispan continues industry trend of secondary-heavy deals with Series B round
Vancouver-based embedded banking startup says it’s bringing in $34 million annually.
DIGITAL Innovation Cluster providing $15 million across 16 Canadian AI-based training and CareerTech projects
Projects backed by matching $15-million private investment aim to upskill and connect workers with employers.