After buying Cyclica and Valence, Recursion secures $50 million USD from Nvidia for AI drug discovery
The US biotech firm opened a new Canadian HQ in Toronto last month.
Canadian Startup News
Formaloo raises $2.9 million CAD to help businesses build apps without any code
The startup aims to ramp up marketing efforts in Canada.
Shopify teases AI assistant for entrepreneurs, Sidekick
Shopify said Sidekick can help with designing storefronts, developer documentation, economic trends analysis.
Oco partners with Adidas to launch shoes sporting carbon-captured ink
Set to be released this fall, the shoes blend screen-printing ink with captured carbon.
Ditch Labs secures $3.25 million to treat nicotine addiction with tech
Montréal startup set its sights on a massive public health issue.
BDC shares more detail on $100-million Thrive Lab, including $35-million co-investment commitment
Initial phase will focus on early-stage, women-led businesses with social impact.
Canadian cleantech continues fundraising streak as Orennia, CarbonCure raise collective $105 million USD
From Halifax to Calgary, Canadian cleantech remains resilient despite the tech funding downturn.
Tapping into Vaughan’s emerging world-class healthcare hub with Mayor Del Duca
Mayor Steven Del Duca said he’s “planting a flag” to bring global healthcare innovation to Vaughan.
Waterloo, U of T, and UBC rank among top 25 computer science schools globally
Waterloo topped the list in terms of enrolment, while U of T was the top-ranked Canadian school.
i4 Capital closes over $40 million toward new $60-million deep tech fund
The fund is backed by the Fonds québécois d’amorçage Teralys, Fondaction, and the Fonds de solidarité FTQ.
WonderFi, Coinsquare, CoinSmart merge as landmark Canadian crypto deal closes
The merger comes during a challenging time for the crypto industry.
Sampler acquires AdMass’s tech, founders to add AI, user-generated content to its product sampling platform
The deal marks Sampler’s second acquisition in four months.
Hypercontext completes HR pivot with new AI-powered performance management tool
The startup promises ‘performance reviews so easy, they write themselves’—but what are the risks?
Protein Industries Canada offers $10 million to help grow AI use in food sector
AI is being applied to the plant-based food industry’s efforts to satisfy ever-changing consumer demands.
Tiptap and Omnirobotic pursue restructuring after startups fail to raise additional funding
As VC financing has dried up, a growing number of Canadian tech firms are running out of cash.