Sanctuary AI, Nexera, and Novarc make deals and developments in busy week for Vancouver robotics companies
Nexara nabs funding from BDC, Novarc strikes a partnership, and Sanctuary AI’s robots get touchy.
Canadian Startup News
TandemLaunch closes $37-million Fund IV to create and back deep tech startups
Through VCCI, feds support the firm’s plans to launch new Montréal companies.
Rewind inks data protection partnership with workflow software giant Monday.com
Partnership could mark turning point for Ottawa company that saw momentum slow during 2023 downturn.
Former EventMobi, Voiceflow leaders secure $2 million CAD to tackle retail merchandising with Merchkit
Startup aims to help retailers cut product launch timelines, operational costs via AI.
Avitia launches AI-powered cancer diagnostics platform with assets from defunct Imagia Canexia
CEO James Lumsdaine secures $5 million seed round from firm where he is also a partner.
Paperplane Therapeutics raises $1.5 million to ease anxious patients with VR gaming
Funding to help company expand its reach across North America and Europe.
Promise Robotics opens second factory to help increase Canadian housing supply
Calgary plant for home builder robots expected to start production this summer.
Vault rebrands to Venn following $21.5-million Series A round
Founded as a multi-currency account, Venn looks to broaden its financial management solutions and sales staff.
Opal announces $1.5 million USD to build “the operating system for ad agencies”
FinTech startup’s backers include Exit North Ventures and Bench co-founder Ian Crosby.
Prosus to acquire SkipTheDishes parent company JustEat Takeaway in $6.2-billion deal
Prosus to take JustEat Takeaway private and plans to maintain its key brands.
Non-profit organizations receive nearly $40 million as part of latest AI-focused CanCode program
Federal funding aims to support 22 orgs teach coding, data analytics, and AI skills to 1.5 million students.
Temu opens marketplace to Canadian vendors as ‘buy Canadian’ push picks up
Eligible Canadian businesses can now sell products to Canadian consumers directly on Temu.
Using AI, University of Toronto team claims development of strongest nanomaterial yet
Team claims the nanomaterial can support over a million times its mass.
Dispersa closes $5.8 million to turn food waste into chemicals for everyday products
Cleantech startup’s seed round was financed entirely by Canadian investors.
DEI rollback is the “wrong direction for Canada,” open letter says
Over 350 tech signatories express support for “Canadian values” of equity and inclusion.