CruxOCM closes $23.3-million CAD Series A led by Microsoft’s venture fund
Investment empowers CruxOCM to bring co-pilot to more energy sector control rooms.
AI
LeddarTech’s Nasdaq listing in jeopardy as stock falls below $1-USD minimum
Warned it could be delisted in 180 days, company secures up to $9 million USD in bridge financing.
Perceptive Space emerges from stealth with $3.9 million to help predict solar flares and other ‘space weather’
Toronto space tech startup aims to ensure safer satellite launches and operations.
Innerspeech translates brain signals in the cloud
Kitchener-Waterloo startup develops AI-enabled communication with the help of OVHcloud.
RetiSpec secures $13.8 million Series A to detect Alzheimer’s early through retinal imaging
American pharmaceutical giant Eli Lilly and medical device provider Topcon Healthcare join as strategic investors.
Nascent AI user research startup Cycle acquired by US blockchain platform Crossmint
Crossmint counts Mastercard, Red Bull, and Coinbase among its 30,000-plus customers.
Cohere lays off five percent of staff a day after announcing $500-million USD Series D
Toronto generative AI startup cuts around 20 employees as part of “internal realignment.”
Y Combinator grad Gumloop secures $3.1 million USD in seed funding to grow no-code automation tool
Backers include Y Combinator and founders from Instacart, Dropbox, and WePay.
Claudette McGowan closes $10-million Series A for cybersecurity startup Protexxa
Startup claims round is the largest secured by a Black woman founder in Canada.
Cohere Series D hits $500 million USD raised at $5.5-billion valuation
BetaKit reported in June that Cohere had secured $450 million with hopes of raising more at a $5-billion valuation.
Ex-DeepMind researchers secure $17 million CAD to bring generative AI to video games with Artificial Agency
Toyota and Radical-backed startup aims to transform NPCs, game systems with AI.
PathFactory acquires fellow B2B marketing platform Uberflip in stock-for-stock deal
PathFactory says the combined entity’s customer list includes firms such as Nvidia, Amazon, and Thomson Reuters.
Digital Innovation Cluster invests $15 million into AI megaproject from consortium of Canadian healthtech companies
Partners in the $44-million project include ORX, Well Health, Healwell AI, Tali AI, and Simon Fraser University.
TandemLaunch secures $27-million first close of Fund IV to build more Montréal deep-tech startups
Montréal venture studio specializes in commercializing tech developed at universities.
Point Laz raises $1.2 million to bring mine shaft scanning device to market
The startup said its first 10 commercial scanners are now set to be produced and exported worldwide.