Coinbase Canada appoints Eric Richmond as new CEO
Former leader Lucas Matheson left the crypto exchange in December to join Opendoor.
Briefs
AI rollup company Beacon closes $225-million Series C round
Toronto holding firm fuels up to continue software acquisition spree.
NORAM Electrolysis Systems nabs $5.6 million to scale up lithium refining
Funding will support development of next-generation electrochemical lithium refining platform.
Cohere signs exploratory AI agreement with Québec government
MOU tasks Toronto AI company with exploring AI use in province’s public service.
Clio expands into the US with New York headquarters
Expansion is Vancouver-based company’s first dedicated US office, and tenth globally.
Deep Sky announces carbon capture agreement with TD Bank
Ten-year deal will see TD use Deep Sky’s carbon credits to offset residual emissions.
National AI institutes get funding and talent boost from AI strategy
Mila, Amii, Vector Institute, and CAISI receive over $200 million in financial commitments.
Inovia promotes Mia Morisset to partner on growth team
Montréal VC firm’s third growth fund has raised $365 million USD of $450-million target.
Pricepoint closes $6.6-million CAD seed round for AI hospitality platform
All-Québec cap table includes Brightspark Ventures, Boreal Ventures, and AQC Capital.
Linux Association of Canada launches national open-source library
Library hopes to provide access to open-source software developed mainly in Canada.
Cohere says it is not working with Palantir
Toronto AI company says it has no relationship with US firm, despite reports of a partnership.
Calgary’s SensorUp closes growth financing led by Pender Ventures
Financing will go toward scaling SensorUP’s agentic operations platform.
Stablecoins will eventually “leapfrog” real-time rail payments, finance leaders say
Panelists at the 2026 Canadian Finance Summit agreed that stablecoins present better value than RTR payments.
Mecka AI announces $60 million USD to power physical AI
Canadian-led startup aims to build “the data and deployment layer” for robotics.
Canadian government gains access to Anthropic’s powerful Mythos model
Anthropic has kept Mythos in limited release amid concerns hackers could exploit the model.