Calian and Invest Ottawa to open new defence research and development lab
Ottawa’s Area X.O will get a new testing facility focused on helping defence technologies work well together.
Briefs
Ex-Vanguard exec aims to launch Canada’s first investment dealer solely focused on prediction markets
Atul Tiwari and fellow domestic finance vets seek regulatory approval to build Verdx.
Federal government launches new national AI council
Private and public stakeholders, including Yoshua Bengio and Sanja Fidler, named to 13-member advisory council.
H2 Analytics secures $800,000 in FedDev funding to improve defence training platform
CEO says repayable funding will help the platform integrate new AI features and expand internationally.
Femtum opens new Québec City factory to build more lasers for chipmakers
The $2.1-million headquarters dramatically expands production capacity as Femtum scales to meet data-centre boom.
Telehealth company Freddie acquired by Grindr for $250 million USD
Deal to purchase the Calgary-born firm is expected to close this year.
Well Health software spin-out Wellstar begins trading on the TSXV
Three of Wellstar’s five board seats are occupied by current or former Well Health execs.
“No indication” AI agents breached government systems following attack attempt, Canadian security agency says
AI research firm Transluce identified OpenAI-style attempts to breach Library and Archives Canada.
Shopify buys shop.com domain
With potentially lucrative purchase, e-commerce giant appears to be shoring up its branding.
Workplace AI adoption accelerates among Indigenous peoples
Toronto Metropolitan University report shows rate of Indigenous workers using AI outpacing counterparts.
Quantum eMotion to acquire fellow Canadian cybersecurity firm Plurilock
Quantum-focused Montréal firm wants to use Victoria-based counterpart to broaden cybersecurity offerings.
Ex-General Fusion employee raises $4 million USD for fusion diagnostics startup Daedal
Toronto-based firm provides plasma measurement systems for fusion companies.
Sentinel R&D CEO says drone company is “selling directly to the Ukrainians”
Defence tech company previously signed deal with Airlogix to supply Canadian drones to Ukraine.
French VC firm AdBio expands into Canada with Montréal office
Québec fund Fonds de solidarité FTQ is backing AdBio’s 120-million-euro Fund III.
ThoughtWire explores sale after debt-fuelled growth strategy fails
Toronto software firm has struggled to bounce back from COVID-19 and high debt burden.