Rockwell Automation signs agreement to acquire Waterloo-based Clearpath Robotics
Clearpath’s mission statement is to automate “the world’s dullest, dirtiest, and deadliest jobs.”
AI
Meet the Y Combinator Summer 2023 cohort startups with Canadian connections
Participants include Decoda Health, Greenlite, LifestyleRX, Spine AI, Tempo Labs, Terminal, and VaultPay.
CiteRight and fellow Canadian legaltech startup Jurisage ink deal to merge
Merger will combine CiteRight’s litigation-drafting platform with Jurisage’s AI tech.
Former Global Founders Capital partner launches Northside Ventures to back pre-seed Canadian entrepreneurs across North America
Northside has secured $6.25 million USD from Inovia, Intact, Bain, Golden Ventures, and Garage Capital, among others.
Novarc Technologies announces closing of $20 million USD for its AI-powered automated welding robots
Construction-vehicle company Caterpillar’s venture arm joined the round.
Bank of Canada taps EvolutionQ to explore impact of quantum computing on digital dollar
“The price of being late is far too great,” EvolutionQ CEO Michele Mosca says.
Conquest Planning partners with CapIntel to bring AI-powered advice to more financial advisors and investors
Two Canadian FinTech startups team up after closing Series A rounds last year.
A|I: The AI Times – Tiger Global’s share sale puts Cohere at a $3 billion valuation
Plus: A new Canadian generative image startup gets $22.3 million.
Xanadu, Toronto Metropolitan University to develop quantum computing educational program
Students will learn and work with Xanadu’s software framework PennyLane.
MindBridge founder Solon Angel joins Fresh Founders as managing partner
Following MindBridge departure, Angel wanted to explore another “specific idea in accounting tech.”
Ideogram launches with $22.3 million CAD for generative AI text-to-image platform like DALL-E
a16z, Canadian AI expert Raquel Urtasun, Github co-founder Tom Preston-Werner invested.
Early-stage VC funding and mega-deals carry Canada to second-largest Q2 on record
AI, cleantech stay hot as growth-stage activity keeps quiet, per CVCA’s latest report.
Mila’s new partnership with KPI Mining Solutions will focus AI on efficiently capturing critical minerals
Tech has become a key component in Canada’s critical mineral strategy.
Horizn acquired by US conversational AI firm Inbenta
Deal will add Horizn’s interactive product demos to Inbenta’s platform.
Dcbel closes $50-million USD Series B led by climate-focused Idealist Capital
Smart home energy startup offers bidirectional EV charging.