Moonvalley raises additional $84 million USD to meet demand for its Hollywood-friendly AI video generator
Toronto-based company has raised $154 million since founding in 2023.
AI
Pharmacy AI agent Asepha raises $4 million USD to double staff and open New York office
Asepha answers the phone and files prescriptions so your pharmacist doesn’t have to.
Tailscale CEO Avery Pennarun says pressure to adopt AI has created a “Wild West” for corporate cybersecurity
Pennarun wants companies to stop putting their private API servers on the public internet.
Minister Evan Solomon unveils fresh AI project funding to address “crisis moment” at Scale AI event
Twenty-three Québec-led projects will receive almost $100 million in combined public-private funding.
No meetings, no mandates: Inside Intuit’s five-day innovation week for technologists
During Intuit’s Global Engineering Days, teams transform ideas into solutions for millions.
Founders need a good reason to forgo an AI strategy, VCs warn at Startupfest
Investors say proving long-term differentiation is more important than ever as AI saturates the market.
Opennote raises $850,000 USD, secures Y Combinator spot for edtech platform
The three student founders plan to build stateside.
Cobionix secures $4.1 million to commercialize its collaborative medical robot
Funding to support pilot projects that move CODI the robot “from bench to bedside.”
Most Canadian companies are walking the AI adoption race: report
Canadian execs report uneven efficiency gains from AI and a lack of technical talent, Georgian survey finds.
Tenstorrent acquires Blue Cheetah to bring more chip design in-house
AI chipmaker had been licensing Blue Cheetah’s technology since last year.
Canada steals the spotlight at Europe’s biggest tech event
OVHcloud among attendees of VivaTech 2025.
Still watching? Rivr closes $3.6 million CAD from GreenSky to help creators and brands identify engaging video content
Rivr already counts Amazon Games, Bungie, and Epic Games among its clients.
Is Canadian AI failing?
Plus: Clutch hits $1 billion milestone, Clio opens up the chequebook.
Robotics startup Attabotics closes down and terminates employees
Calgary startup raised more than $200-million CAD from institutional and government sources in its lifetime.
Cohere looks to capitalize on Montréal’s AI talent with new office
AI startup will reportedly be a tenant of CoreWeave-operated data centre in Cambridge, Ont. next month.