Healwell AI accelerates M&A strategy with acquisitions of VeroSource Solutions and BioPharma Services
The deals, if successful, will have a combined value of over $36 million.
AI
Canadian OpenAI co-founder Ilya Sutskever launches new company focused on safe AI development
New company follows the recent exodus of safety-focused employees at OpenAI.
PragmaClin, Willful, NovaResp among nearly 30 healthtech startups backed by new CABHI funding
Each startup is receiving between $150,000 to $500,000 based on company stage, needs, and evaluation processes.
A|I: The AI Times – Samsung values Toronto’s Tenstorrent at $2 billion
Plus: Why Big Tech launches unreliable AI apps.
As Collision kicks off, four Canadian tech startups unveil new funding
Heylist, Vosyn, Pok Pok, and Ability Biologics have all raised fresh capital.
Waabi fuels up to launch fully driverless trucks in 2025 with $275-million CAD Series B
Uber and Khosla double down as Nvidia, Porsche, IKEA join Toronto AV startup’s cap table.
WWDC: Did Apple just kill your AI company?
Apple’s riskiest decision in years might be catching up in AI too soon.
Two Small Fish Ventures holds $41-million CAD final close for Fund III
Firm is tapping into its “superpowers” to spot early winners in frontier tech.
Borderless AI makes its Cohere-powered HR agent free to use
As part of the Cohere Startup Program, Borderless hopes to attract new customers by opening up its AI offering.
Zero Point Cryogenics secures $2.67 million to help cool quantum computers
The non-dilutive funding came from PrairiesCan and the City of Edmonton’s Edge Fund.
A|I: The AI Times – Cohere had a busy week
Plus: How Apple fell behind in the AI arms race.
Parity closes $26-million CAD Series B round as it eyes new verticals, markets for HVAC optimization software
Startup says it has delivered energy savings across over 65 million sq. ft. of real estate.
French private equity firm Jolt Capital to open North American headquarters in Montréal
Former Scale AI COO Clement Bourgogne will head the deeptech investor’s Canadian operations.
Canada’s AI Global Innovation Cluster invests $31.3 million across 22 projects
Alongside partner participation, Scale AI says the projects represent a $96-million investment.
Surveillance hardware tech startup Vosker secures $171.2 million CAD in debt financing
Startup develops solar-powered remote-monitoring cameras that work without Wi-Fi or electricity.