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.
AI
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.
Canadian startups NLPatent, BorderlessHR, Monark accepted into Google’s Women Founders accelerator
Three startups represent Canada in a cohort of 11 North American companies.
A|I: The AI Times – Stability AI’s lead threatened by key departures, CEO concerns
Plus: OpenAI launches webcrawler as Zoom promises it won’t use your videos to train AI tools.
AI startup Voiceflow raises $15 million USD to help companies collaborate on customer-service agents
Voiceflow says it makes it easy for AI to say to customers: “How can I help you today?”
#CDNtech talks VC risk, due diligence, and the AI hype cycle
Tech luminaries brave tornados and beanbag chairs in this interview compilation recorded live at Startupfest.
Salesforce, Radian6 veteran Chris Ramsey named CEO of criminal-intelligence startup Cybercheck
Radian6 sold to Salesforce for $436.9 million CAD during Ramsey’s time there.
RBCx’s Sue Umapathy on the “return to due diligence” in a down market
When conducting due diligence, RBCx’s ‘Capital Whisperer’ said “it’s all about the team.”
A|I: The AI Times – Canadian AI chip manufacturer closes $100M from global backers
Plus: Luge Capital’s David Nault on making investment decisions through the AI hype cycle.