Federal, Québec governments invest over $7.6 million into quantum telecom testbed
The testbed will allow businesses to experiment with quantum technologies for telecom networks.
AI
PADS Financial secures $3 million CAD in pre-seed funding, launches online mortgage platform
PADS looks to leverage AI and blockchain with its online mortgage servicing platform.
Why Korean car makers want Tenstorrent’s AI hardware
Getting nerdy with the Canadian hardware company attracting global interest.
Traffic management startup Miovision closes $36 million CAD, bringing latest round to $296 million
Amid acquisition spree, Miovision will use the funding to fuel organic and inorganic growth.
University of Alberta targets $50 million with new innovation fund, announces first investment in AI system control startup
The university plans to reinvest returns from the donor-fuelled fund into “future innovations.”
With new funding, Astrus has secured $3.6 million CAD to date for its AI microchip design offering
Astrus wants to cut down the time-consuming analog microchip design process.
Conexus, Emmertech alum Sean O’Connor joins TechBrew Robotics as CEO
TechBrew is an Emmertech portfolio firm that builds mushroom-picking robots.
A|I: The AI Times – OpenAI passes $1.3B annualized revenue while Big Tech struggles to turn AI hype into profits
Plus: Canadian quantum group appoints its first CEO.
Procurify closes $68-million CAD Series C to invest in AI, global expansion of spend management platform
Ten Coves Capital, EDC join existing backers Information VP, HarbourVest.
Feds launch consultation on AI’s copyright implications as privacy watchdog seeks input on new biometrics guidance
Consultations come as Canadian authorities explore how to regulate emerging technologies.
CANImmunize, PharmaGuide, Wave View Imaging named to inaugural cohort of Pfizer Canada’s Healthcare Hub
Pfizer Canada is earmarking $1.4 million in in-kind support and donations as part of the program.
Ten Key Labs secures $10.5 million, launches AI equity management tool for founders
Extreme Venture Partners, Xtreme Labs alum secures backing from Craft Ventures, Shopify angels, Wave co-founder.
Buddybuild founder is back with new code-assist platform Unblocked
Amplify Partners, Slack founder Stewart Butterfield among Unblocked’s investors.
Quantum Industry Canada appoints Lisa Lambert as first-ever CEO following fed investment
Quantum Industry Canada received $1.4 million as part of Canada’s National Quantum Strategy in January.
A|I: The AI Times – Anthropic in talks to raise another $2B, a16z discussed backing Midjourney rival
Plus: Samsung to manufacture chips from AI chip startup Tenstorrent.