PolicyMe eyes new insurance products, more big-name partners after raising $30 million over two years
Toronto insurtech startup is investing big in AI but cautious about implementation in “tricky” industry.
Canadian Startup News
Bell and Ericsson’s Ottawa team field-test AI-powered tech to reduce cell network traffic jams
Companies say the link adaptation tech is a first and could boost speed and capacity.
Federal government launches loan facility to support enterprises impacted by tariffs
Canada repurposes COVID-era emergency funding agency to provide loans for impacted large businesses.
Amazon’s Climate Pledge Fund joins Cyclic Materials’ extended Series B round
Cyclic now counts Amazon and Microsoft as backers after extending round for a second time.
Cohere doubles down on agentic search capabilities with new Embed 4 model
Agents will continue to be an important part of enterprise AI adoption, Cohere told BetaKit.
New early-stage VC fund Trillick Ventures aims to bring funding to “underrepresented” Manitoba
Trillick has closed nearly a third of its $15-million target and made three investments.
Several tech figures endorse Pierre Poilievre’s Conservatives in open letter connected to Fairfax Financial
John Ruffolo, Amar Varma, and Fairfax’s Prem Watsa among list of 33 signatories.
Xaba aims to make industrial robots smarter with $8-million CAD seed extension
Low-code software serves as a robot’s “synthetic brain,” according to the company.
Chamath Palihapitiya, Sanja Fidler among Homecoming headliners as Toronto Tech Week unveils event calendar
More than 10,000 people expected to attend over 100 events across five days in June.
Performance anxiety and access to capital top of mind for Canadian VCs
Closed-door discussions at CIX Summit Investor Forum showed Canadian venture taking a hard look in the mirror.
150 Canadian tech leaders urge federal parties to deliver plan for economic sovereignty in open letter
CCI letter calls on parties to share plans to build Canada’s domestic capacity at next week’s debates.
Vancouver-based CO280 strikes 12-year carbon removal deal with Microsoft
The agreement will turn paper mills into carbon removal hubs.
Corinex secures $42 million CAD to continue its European expansion
Corinex’s sensors and software help utilities providers monitor their power grids.
Puzzle Medical raises $43 million to pursue clinical trial of less-invasive device for patients with heart failure
Second Series A round co-led by family office of former Liberal leadership candidate Frank Baylis.
Beloved mentor and L-Spark co-founder Patrick White to depart leadership role after 12 years
White told BetaKit working at the Ottawa-based accelerator made him want to “get into the game.”