Ex-Shopify engineers raise fresh financing to scale Turbopuffer’s AI search
Ottawa startup secures funding from Lachy Groom and Joshua Kushner’s Thrive Capital.
Canadian Startup News
GeologicAI acquires Finland’s Lumo Analytics to round out suite of critical minerals sensors
Lumo’s LIBS technique uses lasers to rapidly analyze core rock samples for critical minerals.
CoLab joins Nvidia Inception Program to beef up AI capabilities for its engineering tools
St. John’s startup says Nvidia’s platforms will improve how engineers interpret simulation data.
Queen’s University recruits Ian Karlin from Nvidia in bid to build Canadian supercomputer
After working on leading supercomputers abroad, Karlin wants to help boost Canada’s computing capacity.
BDC unveils $4-billion defence technology platform
Crown corporation explicitly encourages businesses to “apply their skills to defence needs.”
Shopify’s former head of core product to lead app development at OpenAI
Glen Coates to head OpenAI’s app platform and help turn ChatGPT into an operating system.
Feds sign five-year MOU with Coveo in latest AI partnership
Government will explore how it can use the company’s platform in its operations.
Amiral Ventures holds $40-million first close to address “lack of leadership” in Canadian VC
Montréal firm backed by Québec government, Desjardins Capital, and nearly 50 individual LPs.
BDC tells VCs it’s willing to lift restrictions on defence investing
Crown corporation aims to support the build up of Canada’s defence industry.
Canadian Space Mining Corporation plans for “rapid expansion” in 2026 under new name
The Canadian Strategic Missions Corporation rebrand reflects a broader focus on critical technologies.
Canadian payments companies’ “sugar high” ended in 2022. VCs say a new spike is coming
Payments startup creation dropped by 44 percent from 2022 to 2023, according to Luge Capital report.
Scale AI unveils $129 million for 44 new applied AI projects across Canada
AlayaCare, League, FluidAI Medical, MDA Space, and Vooban among recipients.
Tetra Trust clears another hurdle on its path to launching CADD stablecoin
Successful test saw CADD transferred between National Bank and Wealthsimple.
Startup investigation reveals 50 peer-reviewed papers contained AI-hallucinated citations
GPTZero found “obvious” instances of false, LLM-generated references in academic papers.
Canada’s Defence Industrial Strategy must include procurement pathways for tech
The Icebreaker co-founder argues Canada must resist a reflexive historical response to our southern neighbour.