Drop closes $58 million CAD Series B with eyes on accelerated growth, going public
Mobile rewards startup Drop has closed a $58 million CAD ($44 million USD) Series B to help accelerate its growth and allow it to…
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Xanadu, BMO, Scotiabank joint project uses quantum for trading products
Toronto-based Xanadu has announced the findings of a joint proof-of-concept with BMO and Scotiabank. The firms worked on discovering computational speedups and improved accuracy…
League partners with Vector Institute to improve platform’s AI capabilities
Toronto-based League and the Vector Institute have partnered to offer resources in an effort to accelerate the development of machine learning and employee healthcare….
Overbond to launch three AI analytics labs in Montreal for R&D in bond pricing
Overbond, a Toronto-founded AI and FinTech startup, is partnering with business school HEC Montreal, Concordia University, and the Institute for Data Valorization (IVADO) to…
NEXT Canada celebrates cohorts at Venture Day, receives $1 million investment
On Wednesday, more than 10 NEXT Canada ventures pitched their startup at NEXT Venture Day, to an audience of business leaders, partners, alum, and…
Toronto-based proptech Properly raises $22 million Series A
Properly, a Toronto-based proptech startup, has closed a $22 million Series A financing round, consisting of $12 million in equity and an initial $10…
A|I: The AI Times – Teaching machines to see
The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation news from around the globe. If you…
SomaDetect closes $2.6 million CAD seed round for dairy farming sensor technology
Fredericton-based SomaDetect, which has developed a sensor that helps farmers measure milk quality, has completed a $2.6 million CAD ($2 million USD) seed round….
Fiix acquires US-based Alchemy IoT
Fiix has acquired Colorado-based Alchemy IoT, an industrial asset intelligence company, in order to bring AI to Fiix’s maintenance and asset management software. Terms…
A|I: The AI Times – China’s experiment in AI education
The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation news from around the globe. If you…
Government of Canada’s chief information officer Alex Benay leaves to join Mindbridge
Alex Benay, the Government of Canada’s chief information officer (CIO), has announced he is leaving his post to join Ottawa-based startup Mindbridge. “I will…
Owl.co raises $2.6 million CAD for encrypted data collection platform
Owl.co, a software company that helps banks and insurers collect and encrypt customer data, has raised its first round of funding, securing $2.6 million…
A|I: The AI Times – A high-stakes gamble
The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation news from around the globe. If you…