Telegraph Ventures secures $35 million to back enterprise AI startups in Québec
The provincially backed spinoff fund aims to “catalyze” floundering pre-seed market.
AI
Telus opens inaugural Sovereign AI Factory in Rimouski
Facility lets Canadian entities develop and tweak AI while keeping their data in Canada.
Canada will update AI strategy a year ahead of schedule: Evan Solomon
AI minister says Canada “can’t afford to wait” as government assembles AI strategy task force.
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.
SAAS NORTH is serving up a new playbook for founders
On Nov. 5-6, Ottawa will host two days of candid talks on building and scaling SaaS in the age of AI.
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.
Loblaw expands Gatik deal to 50 driverless trucks by 2026
Renewed partnership moves beyond trials to serve more than 300 GTA stores.
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.
Elastic Path founder’s new startup ShopVision secures $5.6 million CAD seed round
Brightspark, BDC Capital, and Rhino Ventures back Harry Chemko-led startup.
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.
Canada’s AI edge is human
How Mitacs plans to keep AI talent in Canada.
Canadian VC pre-seed and seed activity continued to slump in H1 2025
VCs say latest results are “not the end of the world” but anticipate continued slowdown.
Canada outpaced US in tech talent growth in 2024: CBRE report
Toronto eclipsed New York while Waterloo soared 11 spots to become a top North American tech market.