Coveo snags SIF investment as AI project funding flows during ALL IN 2024
Oceans Supercluster also doled out $4.5 million and Scale AI teased a call for projects.
Canadian Startup News
Xatoms, Permalution among 10-startup RBC Women in Cleantech accelerator cohort
Program from MaRS and RBC looks to support woman-identifying or non-binary founders of Canadian cleantech startups.
BDC appoints Geneviève Bouthillier as head of BDC Capital amid “uncertain market conditions”
Bouthillier replaces Jérôme Nycz as VC lead following his sudden departure after 22 years at BDC.
Ecomtent closes $1.15 million CAD in pre-seed funding for its AI-powered content generator
Startup led by ex-Amazon exec and AI scholar wants to help retailers sell in the AI era.
BDC writes down venture capital portfolio by $220 million in annual report
Crown corporation attributes value shortfall to “uncertain market conditions” despite posting higher than expected net…
Zūm Rails moves recently-named CEO Miles Schwartz to Miami to lead US growth initiative
Omni-rail payment solution saw 75 percent increase in its US business over the last year.
Global trends report shows AI adoption still lags in Canada
In Canada, only 35 percent of organizations say AI is ‘widely implemented.’
Disaster restoration startup Kahi looks to solve “adversarial relationship” between insurance companies and subcontractors with IoT
Spun out of a subcontracting company, Kahi raised $2.3 million CAD led by BDC Capital Seed Venture Fund.
Canadian AppDirect co-founder launches Landbase with Inovia, Desmarais family backing
Landbase has closed $12.5-million USD in seed funding for its AI-powered go-to-market solution.
OMERS Ventures to be moved under new Private Capital group run by Michael Block
Reorg follows PE head retirement, tasking Block with overseeing portfolio that includes venture, green tech, growth.
Union representing Canadian Paper tutors threatens legal action following mass layoffs
Union says no complaints have been filed yet, but “several lawyers” are working the case.
Amplitude Ventures, Gates Foundation lead Radiant Biotherapeutics’ $35-million USD Series A
Amplitude-created biotech startup with scientific roots in SickKids and U of T aims to advance new disease therapies.
Beacon launches remittance solution to help Canadian newcomers receive money from India
Startup launched out of stealth with $5.25 million in funding earlier this year.
NPower Canada bags $4 million to prime underrepresented youth for the tech sector
Tech training programs run by Digital, NPower, Microsoft, and CIBC will introduce upskilling in cybersecurity and AI.
Saskatchewan tech sector employment doubled over four-year period: report
Province says it’s on track to triple the number of tech workers by 2030.