General Fusion lays off staff, looks for funding as capital suddenly runs dry
Trade tensions and hesitant investors threw the company into uncertainty.
Canadian Startup News
Shakepay becomes first crypto company granted Payments Canada membership
Milestone gives Shakepay access to core payments infrastructure and a seat at the table “to demand for change.”
WonderFi co-founder’s new startup xTAO to list on TSXV following merger with Adrianna Ventures
Decentralized AI company hopes to raise $10 million USD via private placement.
TD Bank’s chief AI scientist talks about emerging models, safety, and Layer 6’s new NYC office
Maksims Volkovs shares what Layer 6 has been working on and what keeps him up at night.
“Can we just write the cheque?”: angel investors encouraged to be bold amidst economic uncertainty at NACO Summit
“Underlying pressures” risk derailing first growth of angel investment in two years, according to NACO report.
Opportunity Calgary Investment Fund receives $60 million to scale local businesses
Four-year initiative aims to scale local companies and attract talent.
Cohere Labs head calls “unreliable” AI leaderboard rankings a “crisis” in the field
Cohere-led study claims popular crowd-sourced leaderboard LM Arena tipped scales for Google, OpenAI.
Dozr founding CEO Kevin Forestell moves to chair while Dave Frazier joins as president
Frazier brings combo of construction and tech experience to Kitchener-Waterloo scaleup.
Xanadu forges partnerships with US military, industry to fuel quantum computing ambitions
Toronto quantum company inks deals with Applied Materials, US Air Force to accelerate chip development.
Shopify rolls back $1-million USD revenue exemption for app developers
Pandemic policy rollback means exemption will only apply to first $1 million of lifetime revenue.
Veerum raises $12-million Series B to create “digital twins” for heavy industry
The startup helps oil, energy, and construction companies visualize their operations.
Antler Canada adds former Quandl CEO Tammer Kamel as VC firm gears up for Fund II
Kamel to lead Fund II with fellow GP Bernie Li and newly promoted associate partner Shambhavi Mishra.
Cleantech accelerator CICE invests $2.5 million in women-led climate ventures
The BC companies aim to turn waste products into clean energy, batteries, and even acoustic panels.
Québec Tech highlights hardtech in latest scaleup cohort with international ambitions
Stage V program aims to turn startups into “true scaleups” with tailored support.
Reusables looks to help cafeterias scrap single-use containers with $3.6-million seed round
Co-founder claims Reusables’ university clients reuse over 500,000 containers in just two semesters.