Hyperlume snapped up by San Jose-based Credo for undisclosed amount
Sale comes seven months after the Ottawa startup’s nearly $18-million CAD seed round.
toronto
Entrepreneurs face more than a decade wait for Canada’s Start-up Visa
Once a 12-month process, the SUV has ballooned amid concerns about the program’s misuse.
“It’s never been easier to build, but it’s never been harder to win.” FutureSight turns company-building into a science
FutureSight is betting its model can de-risk company building by pairing experienced founders with validated ideas.
Shopify merchants to sell directly through OpenAI’s ChatGPT with new partnership
Shopify stock jumps six percent after widely rumoured partnership is made official.
The feds are ALL IN on AI
It was a good week to be Canada’s AI darling. One day after the company announced another $100 million USD in funding to…
Constellation Software shares close week down 17 percent after founder and CEO steps down
Mark Leonard hosted conference call on impact of AI days before resigning for health reasons.
Minister Evan Solomon reveals Canada’s AI Task Force
Patrick Pichette, Joelle Pineau, and Dan Debow among those tapped by federal government.
BDC Capital promotes Mona Minhas to managing partner of Thrive Venture Fund
The appointment comes after BDC’s $50-million Thrive ETA Fund announcement.
Meet the Toast Top 25 Women in Tech
Women leaders from MedEssist, Antler, Certn among those honoured at Toast Summit in Calgary.
Canadian tech looks to poach H-1B visa castaways as its own “ambitious founders” flee
Industry leaders say keeping Canada’s startups here will take more work, and smart decisions.
Cohere’s valuation hits $7 billion USD following $100-million round extension
Canada’s leading AI company raised $500 million USD at a $6.8 billion valuation in August.
FluidAI lands FDA clearance to sell post-surgery monitor in the US
Kitchener-Waterloo healthtech startup eyes Series B to fuel US commercialization.
Variational AI lands “up to” $349 million USD to discover drugs with Merck
Vancouver firm’s AI platform will generate chemical compounds based on Merck’s therapeutic targets.
Simple Ventures announces $15 million to bring innovation and talent back to Canada
Major companies like TD and Sun Life back venture studio’s vision.
Loblaw expands Gatik deal to 50 driverless trucks by 2026
Renewed partnership moves beyond trials to serve more than 300 GTA stores.