Xanadu closes $100 million USD Series C as quantum computing firm becomes Canada’s latest unicorn
Xanadu wants to bring the first commercially available quantum computers to market.
AI
Google opens new Montréal office, commits $2.75 million to Québec tech
Google finally opens new Montréal office after big 2020 commitment to expand in Canada.
A|I: The AI Times – U of T gets an AI nod from Eric Schmidt
Plus: CIFAR appoints 8 new AI chairs.
CIFAR appoints 8 new AI chairs as Pan-Canadian Artificial Intelligence Strategy enters phase two
CIFAR is responsible for implementing the $443 million federal AI strategy.
University of Toronto one of nine schools chosen for Eric Schmidt’s new $148 million AI research initiative
U of T only Canadian university to secure funding from former Google CEO to apply AI to STEM research.
A|I: The AI Times – Can this Element AI co-founder fix the Internet?
Plus: Google in talks to invest $200 million into Cohere.
Visier acquires assets of skills intelligence startup Boostrs
Visier’s foray into M&A comes one year after it raised $154 million from Goldman Sachs.
A|I: The AI Times – Ontario’s new IP czar, Montréal’s new AI hub
Plus: Shinydocs, Encircle, Proto receive cumulative $7.5 million from FedDev Ontario.
Element AI co-founder launches Waverly to fix the internet by changing the way people consume content
Philippe Beaudoin wants to fix the internet. But what if the internet is a rigged game that can’t be fixed?
Shinydocs, Encircle, Proto receive cumulative $7.5 million from FedDev Ontario
The investment into the three Kitchener-Waterloo startups is expected to create 75 jobs.
VMware launches new AI centre in Montréal
Next G-AI Research and Innovation Centre adds to Montréal AI cluster.
A|I: The AI Times – Gatik and Loblaw give Canadians driverless deliveries
Plus: US said to plan new limits on China’s AI and supercomputing firms.
Miovision acquires Pittsburgh firm Rapid Flow to bolster its traffic management systems
Rapid Flow’s Pittsburgh head office will become Miovision’s fifth global location.
Parity raises $8 million to target wasteful emissions in buildings
New legislation fighting climate change in US could benefit Parity.
Quandri raises $2 million CAD to automate time-consuming, repetitive tasks for insurance industry
CEO says Quandri has seen “insane growth” since investing in sales and marketing.