Lemurian Labs secures $9 million in seed funding to expedite AI workloads at a lower cost
CEO says company can bring down the power consumption of AI models by 10-times.
Canadian Startup News
Rockwell Automation completes acquisition of Clearpath Robotics and its OTTO Motors division
Reportedly topping $600 million USD, the deal will keep the autonomous robotics startup in the Waterloo Region.
Pine acquires Properly to capture more of the Canadian home-buying process
Digital mortgage firm aims to build the former proptech into Canada’s top real estate website.
Ecosystem fears cleantech funding gap as ISED pauses SDTC funding after mismanagement investigation
ISED-commissioned report found conflict of interest, governance issues at SDTC.
Business getaway marketplace RetreatsAndVenues takes first prize in New Ventures BC 2023 startup competition
Vancouver-based startups Browse AI and Blanka came in second and third place.
MaRS and Innovate UK announce cohort for third advanced manufacturing incubator
Startups focused on industrial automation, carbon adsorbents, and aerospace maintenance are part of the new cohort.
Clearco secures new equity financing from existing investors and asset-backed facility as struggling financier recapitalizes
Inovia, Founders Circle double down on Clearco with SVB debt buyback, $60-million Series D.
BDC Capital deploys seed funding to help reduce greenhouse gas emissions
Green Graphite Technologies closes $2 million, while Arolytics raises $3.5 million in cleantech funding.
Canadian FinTech companies launch open banking public action campaign as delays continue
Canada’s open banking lead, Abraham Tachjian, will extend his tenure to the end of 2023.
Ocean Supercluster announces $20 Million Investment in nine new AI-powered ocean projects
The funding brings the national innovation focus of AI to aquaculture and coastal cleantech.
Cleantech startup Relocalize secures $3.5 million CAD to develop hyperlocal food distribution
Relocalize aims to eliminate electric trucks and replace them with on-the-spot food distribution and supply.
Scale AI announces $21 million for nine Canadian AI healthcare projects
The projects address a sector facing budgetary strain, high community needs, and a persistent labour shortage.
Cardata raises $100 million for product acceleration
Company says investment is “pivotal” as it works to grow platform for workers using private cars.
Healthtech startup Medreddie takes home the first Elevate Women+ Pitch Prize
Medreddie secures funding from The Firehood, Forum Ventures, BDC Capital’s Thrive Lab.
Techstars Toronto celebrates 100 direct investments as an accelerator
The organization is also welcoming an even mix of Canadian and international companies to its 2023 class.