Xanadu reports larger net loss than expected, but quadrupled revenue in first public earnings report
Company eyeing the “big prize” of a Toronto-based quantum data centre by 2029.
Canadian Startup News
How Alberta solved its nurse licence bottleneck with homegrown tech
Punchcard Systems is helping to cut public sector red tape.
Feds back new group embedding graduate researchers with Canadian companies
TICAN will work with firms to identify R&D challenges, then find grads who can solve the problem.
CMC Microsystems picks 11 winners for $10.7-million edge computing challenge
Funding comes through FABrIC network, which aims to grow Canada’s advanced semiconductor capabilities.
Goldman Sachs to acquire Canadian data centre platform QScale
QScale founders will continue to run the business, which will keep its Québec headquarters.
Telecom software startup Gaiia secures $40-million USD Series B round
Québec City spin-out of Oxio sells software for challenger telecoms.
Clio tops $500 million USD in ARR as AI reshapes the legal market
CEO Jack Newton sounds off on revenue inflation and weathering the SaaSpocalypse.
Inside the Calgary medtech company born from one man’s determination to treat his own son
Saving Adam was the first mission. Selling the science is the next.
Ian Crosby is back with a new accounting startup for the agentic AI era
Three-time Canadian founder raises $10 million USD for San Francisco-based Synthetic.
Top Down closes VC fund aimed at “invisible infrastructure” of the global economy
Vancouver firm beats $25-million USD target for fund backing early-stage MSP and AI startups.
UniUni to reportedly go public on TSX in $1-billion USD SPAC deal
BC-based last-mile delivery firm says it could pass $1 billion USD in sales this year.
Ex-Hugging Face, Salesforce leaders partner on AI sustainability venture
Sustainable AI Group aims to help enterprises manage AI’s environmental impact.
AI investment firm DevCap closes $5 million as it eyes public listing
10 startups in, the poker players-turned-VCs behind the firm unpack its progress and plans.
Canadian VC sees lowest quarterly deal count in nearly a decade
CVCA report says growth capital constriction may push more companies to other funding outlets.
Feds announce $66 million for 44 businesses through AI Compute Access Fund
Program offers financial support to subsidize costs to commercialize or scale AI projects.