Public safety tech platform Versaterm acquires Texas firm DroneSense for more than $100 million USD
Versaterm CEO says deal “moves us closer to a future where drones are as routine as any patrol or fire unit.”
Canadian Startup News
Marc-Antoine Cantin to lead Anges Québec as CEO Stéphane Drouin steps down
Drouin is departing the angel investor network for personal reasons less than a year after taking the helm.
Lightspeed beats outlook in fiscal Q1 to tepid market response
CEO claims Lightspeed has been “winning where it matters” after revising GTM strategy.
Northern Ireland’s soft sell to Canada is sticking
The region is making a strategic appeal to Canadian tech, offering talent, infrastructure, and on-the-ground support.
Canada’s AI safety institute pledges $1 million to UK counterpart for research collaboration
Canadian AI godfather Yoshua Bengio joins advisory board of $29-million research initiative.
Ontario Premier Doug Ford officially cancels province’s contract with SpaceX’s Starlink
Province follows through on US tariff countermeasure, pays undisclosed break fee to Elon Musk’s company.
NGen helps lead $108-million investment in sustainable manufacturing tech
News comes as Carbon Upcycling breaks ground on a CO2 capture facility.
Yaletown Partners raises $100 million in first close for third Innovation Growth Fund
Vancouver VC firm is targeting a final close totalling $250 million within the next year.
AI bookkeeping startup Ceedar is turning customers into investors
Ceedar nabs angel cheques from Canadian founders looking for simplified accounting options.
Mara Renewables bringing fish-free omega-3 to global markets with $12.5 million from S2G Investments
Atlantic Canadian biotech company sells supplements and food fortifiers under two subsidiaries.
Canada awards $14.6 million contract to space triumvirate to build its new lunar rover
MDA Space, Mission Control, and Canadensys to begin exploring size and scope of “long-term project.”
Cybersecurity startup Cavelo secures $5-million seed extension round led by Inovia Capital
CEO of Waterloo company claims growth over past year “has been nothing short of incredible.”
4AG Robotics looks to grow fleet of mushroom-harvesting robots with $40-million Series B round
AgTech startup says it’s on track to hit $7 million in annual revenue amid high demand for agricultural labour.
Why the people building the future of AI systems are heading to Toronto for KDD-2025
Leaders from Apple, DeepMind, Cohere, and more are gathering to confront the demands of modern data science.
Growcer snaps up assets of bankrupt US rival Freight Farms
Ottawa-based modular farming startup now has over 600 new customers from 30 different countries on its plate.