Nord Quantique closes $9.5 million seed round co-led by BDC Capital’s Deep Tech fund
Nord develops hardware for fault-tolerant quantum computing.
AI
D-Wave hopes to raise $431 million CAD as it prepares to go public via SPAC
Quantum computing startup aiming for a $1.5 billion valuation.
Forma.ai quadruples annual revenue, sets out to disrupt sales compensation
“Sales compensation is due for a change,” says CEO.
Stamped AI closes $2 million to simplify financial statement prep for SMBs
Stamped AI describes itself as a “tech-enabled audit firm.”
Hiring roundup: Carbon Engineering, ACTO, WorkJam, Wishpond, Volta, Silicon Valley Bank
Here are six Canadian tech firms that have added new talent this year.
Australian government taps Bedrock AI for RegTech challenge
Bedrock hopes to land $1 million contract to uncover poor capital market disclosures.
LeddarTech scores $140 million USD in Series D funding and debt
LeddarTech builds tech systems that support autonomous vehicles.
IBM partners with Québec government to open new accelerator program
Program focuses on quantum, AI, semiconductors, and high-performance computing.
White Star and OMERS-backed Wrk wants to be “Uber for office tasks”
Wrk on a mission to automate the future of, well, work.
A|I: The AI Times – Boeing hails an (autonomous) taxi
Plus: OpenAI co-founder Sam Altman ridicules startup fundraising process.
Mila, Vector Institute announce, extend partnerships with Canadian banks
Both work with CIFAR as part of the Pan-Canadian AI Strategy.
A|I: The AI Times – Machine learning at a high Amplitude
Plus: Assessing Canada’s national AI strategy.
Certn acquires United Kingdom’s Credence to expand background checks solutions
Certn hired its first CTO in July to scale its technology.
AI drug discovery startup BenchSci scores $63 million Series C round led by Inovia, TCV
BenchSci says its tech is used by 16 of the top 20 pharmaceutical companies.
New Brunswick Innovation Foundation launches AI fund with support from feds
The fund seeks to accelerate AI research and adoption in New Brunswick.