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.
toronto
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.
Venture for Canada taps Steven Wang for CEO
Wang takes over as founder Scott Stirrett steps down.
Mycroft raises $3.5 million USD to deliver “Goldilocks” security for startups
Ex-PartnerStack leaders want to give SaaS companies enterprise-grade security without the overhead.
An untapped market for Canadian tech
Plus: Ex-Rogers CEO and venture investor Nadir Mohamed dead at 69.
Why Canada’s defence tech sector is suddenly exploding
The Icebreaker’s Matthew Lombardi says many of the technologies Canada develops have a dual use in defence.
Canadian tech champion and former Rogers CEO Nadir Mohamed dies at 69
Mohamed received the Order of Canada in 2019 for advancing the nation’s tech sector.
Exro Technologies shuts down US business as possible TSX delisting looms
Struggling EV tech company will cut non-essential US staff.
How TD turned 100,000 employee ideas into 10,000 actions
TD’s internal innovation platform, iD8, helps turn some colleague ideas into measurable business outcomes.
Roach Capital’s Fahd Ananta follows Kaz Nejatian to Opendoor
Another Shopify alumnus heads to Silicon Valley’s latest meme stock.
1Password locks in new deal with Perplexity’s AI-powered Comet browser
Toronto company partners with one of Silicon Valley’s best-capitalized AI brands.
Cohere opens Paris office to create European hub for its AI business
AI Scaleup has future plans for Montréal and South Korean offices.
Keypr incorporates Nesto mortgage services into platform for homebuyers
Konfidis Realty’s tech platform aims to set itself apart with lower commissions and covered legal costs.
Leadership changes hit Benevity and Fable as CEOs step aside for board seats
Toan Dinh replaces Fable co-founder Alwar Pillai while Soraya Alexander steps in at Benevity.