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.
AI
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.
Ex-Vidyard employees sell Toronto’s HyperComply to SecurityScorecard
Team behind the compliance automation tool joins platform used by two-thirds of the Fortune 500.
Amber Mac wants parents to know their kids are talking to AI
A new event focused on digital wellness for teens has launched as the dangers of unsupervised AI use become clear.
Amii receives $9 million from feds to equip energy workers with AI skills
Funding comes on top of nearly $20 million pledged last year for sovereign compute.
Carney says new Major Projects Office will help build a “Canadian sovereign cloud”
PM says cloud infrastructure is vital for security, AI, and quantum leadership.
Shopify COO Kaz Nejatian leaves to lead Opendoor
Nejatian leaves for US real estate firm where pay package could exceed $2.6 billion USD.
OpenAI pushes for Canadian publishers’ copyright lawsuit to be heard in the US
AI giant argues its models were trained outside of Ontario, while publishers say content is Canadian.