XMachina AI acquires Bain Public in its second acquisition since forming in mid-2021
XMachina specializes in AI acquisitions, and is preparing for an IPO.
AI
D-Wave increases European presence with quantum computer in Germany
In the race for quantum commercialization, D-Wave gets aggressive in Europe.
PainWorth secures $2.1 million CAD to settle personal injury claims using machine learning
The Edmonton startup aims to tackle the “enormous” personal injury market.
Review of 11 Canadian tech companies to watch in 2021
Startups on the 2021 list made major financing deals and exits.
Boosted.ai raises $43.7 million CAD to scale AI platform for investment managers
Boosted.ai claims $57.4 million CAD in total funding to date.
Ecopia lands $3.39 million federal government contract for broadband mapping
Ecopia will use AI to identify locations for broadband internet in rural Canada.
A|I: The AI Times – Policing Toronto police’s AI usage
Plus: Why it’s so hard to regulate algorithms.
Future Fertility secures $7.6 million CAD for AI-powered in vitro fertilization
The Toronto company is part of a growing wave of fertility-focused tech startups.
Tech leaders call on Toronto Police Service Board to strengthen proposed AI policy
The letter’s signatories include experts from Shopify, ApplyBoard, PointClickCare, and CIBC.
TrojAI secures $3 million in seed funding to protect AI solutions against security threats
TrojAI maintains cyber attacks on self-automated cars could pose a public danger.
A|I: The AI Times – Valence’s new discoveries
Plus: Ocean robotics firm Nauticus to go public via $560M SPAC deal.
Ukko Agro closes $5.1 million seed round to help farmers make crop management decisions at scale
Ukko Agro helps ag companies make informed crop management decisions.
Valence Discovery announces $10.9 million CAD for AI-aided drug discovery and formulation
Valence wants to “build the world’s most powerful chemistry engine.”
A|I: The AI Times – SenseTime senses timing is off, delays IPO
Plus: Inside Tesla as Elon Musk pushed an unflinching vision for self-driving cars.
IBM to hire 350 tech employees in Nova Scotia
This is IBM’s second major hiring announcement in Canada this year.