Femtum opens new QuĂ©bec City factory to build more lasers for chipmakersÂ
The $2.1-million headquarters dramatically expands production capacity as Femtum scales to meet data-centre boom.
Briefs
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 Wellstarâs five board seats are occupied by current or former Well Health execs.
âNo indicationâ 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 Â
Quantum-focused MontrĂ©al firm wants to use Victoria-based counterpart to broaden cybersecurity offerings.Â
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 âselling directly to the Ukrainiansâ
Defence tech company previously signed deal with Airlogix to supply Canadian drones to Ukraine.
French VC firm AdBio expands into Canada with Montréal office
QuĂ©bec fund Fonds de solidaritĂ© FTQ is backing AdBioâs 120-million-euro Fund III.Â
ThoughtWire explores sale after debt-fuelled growth strategy fails
Toronto software firm has struggled to bounce back from COVID-19 and high debt burden.
Biossil hits unicorn status with new OpenAI-led financing
Toronto-based biotech raises $153 million USD to give discarded drug candidates an AI-assisted second chance.
Tailscale, Windscribe co-sign open letter asking feds to further amend Bill C-22
Canadian and European tech companies still have concerns over federal âlawful accessâ bill.
Feds give Mitacs $162 million for AI internship program for smaller Canadian businessesÂ
Federal government will fund 10,000 paid placements for students and recent graduates in AI-related fields.Â
Waabi COO says companyâs autonomous trucks are ready for deployment
Lior Ron foresees deployment across the Southern US by next year after Volvo completes technical validation.