Corl secures $20 million in USD stablecoin for its revenue-based financing model
Digital assets backed by real-world commercial agreements will offset volatility, companies claim.
AI
UofT spinout Halt AI launches tool to measure brands’ diversity across social media
Halt AI’s co-founders previously worked at AR beauty tech firm ModiFace.
Ontario commits $25 million as Canadarm3 manufacturer MDA creates $100 million space robotics centre
MDA combines space robotics with automation and artificial intelligence.
Clinia closes $5 million to scale B2B health search infrastructure
Montréal startup aims to be “first point of entry for health searches.”
A|I: The AI Times – Two astronauts join the mission to build human-like robots
Plus: This is the reason Demis Hassabis started DeepMind.
Quantum Algorithms Institute, Xanadu team up to increase talent pipeline in quantum computing
Xanadu also announced a partnership with semiconductor manufacturer GlobalFoundries.
Mayday marks calendar year with $3.8 million CAD to help remote workers improve their time management
Amid a saturated market, Jeremy Bell doesn’t want to just “build another calendar.”
Sanctuary AI secures $75.5 million in mission to create the world’s first human-like intelligence robots
Sanctuary’s backers include Bell, Magna, Verizon, and Workday.
A|I: The AI Times – Meta’s killer app is translation?
Plus: Waymo to keep robotaxi safety details secret, court rules.
Pulse Industrial secures $3.5 million from SDTC to improve safety in industrial plants
Pulse Industrial is one of 16 companies sharing $52.3 million from SDTC.
A|I: The AI Times – Speaking Cohere’s language
Plus: Texas sues Meta over Facebook’s facial-recognition practices.
Mila partners with AI Sweden to bolster AI R&D in Canada and Sweden
AI Sweden has established a physical presence in Montréal.
A|I: The AI Times – Raquel Urtasun’s autonomous vehicle revolution
Plus: Toronto tech institute tracking long COVID with AI.
Cohere closes $125 million USD Series B round led by Tiger Global
Cohere plans to open new Palo Alto office led by Apple alum.
Cyclica spins out startup, Perturba Therapeutics, from University of Toronto
Perturba fuses AI-drug design and biological science.