Immervision lands $5.7 million CAD government contract to make military imaging systems
Contract with Canada’s military research department will focus on tech like aerospace cameras.
AI
VentureLab appoints semiconductor industry leader Hugh Chow as CEO
Hong Kong-born Chow sees room for VentureLab to extend itself globally.
Space-tech startup Mission Control shoots for the Moon (and Mars) with funding from GreenSky
Mission Control’s customers have included the Canadian Space Agency, NASA, and MDA.
A|I: The AI Times – Cohere reportedly hunting for fresh funding as OpenAI passes $1B revenue pace
Plus: Xanadu, TMU to develop quantum computing educational program.
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.”
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.