Realize closes one of Canada’s largest impact funds at $227 million
Toronto firm raised $142 million from private LPs to complement Ottawa’s anchor commitment.
Briefs
NordSpace opens new rocket factory headquarters in Markham
The 60,000-square-foot facility will anchor the aerospace startup’s national footprint.
Alberta Innovates invests $14 million to help commercialize local tech
Funding supports projects that will help Albertan startups scale toward commercialization.
Showpass to acquire campus engagement platform Bounce
Deal will expand Showpass’ presence to more than 70 percent of Canada’s top-ranked universities.
Shopify shareholders vote down responsible AI proposal
Company’s board had previously called the proposal a “solution in search of a problem.”
Cohere sees “huge” inbound after the US blocks Anthropic’s latest models
Canadian LLM developer sells itself as sovereign alternative to US AI providers.
OpenText commits to creating 400 jobs in Ireland amid Carney’s state visit
Kitchener-Waterloo company doubles investment in Ireland as Canada makes AI agreements with the country.
Feds and City of Toronto to establish new sports tech hub at TMU
Toronto accelerator program is expected to support as many as 60 sports tech startups.
Nuvei to buy US payments processor Payoneer for $2.75 billion USD
Montréal-based Nuvei says combined company will process more than $500 billion in annual payment volume.
US foreign access ban on Anthropic models puts control over AI in the spotlight
Cohere co-founder Aidan Gomez: “It’s a massive wake-up call.”
Legacy Keeper launches to organize estate planning with AI agents
Victoria, BC-founded platform aims to cut down work for financial advisors.
Ubisoft closes Winnipeg office, laying off another 65 staff
French game developer continues cost-cutting measures just months after closing Halifax office.
MDA Space, Calian, and Kepler tapped to lay groundwork for Canada’s next-gen satellite system
Companies awarded $2.4 million to develop ground systems behind RADARSAT+.
OpenAI sued by mother of Montréal woman who died by suicide
Complaint comes as Canada introduces bill that would hold chatbot providers liable for harms.
Maneva raises $27-million USD Series A to expand AI vision in manufacturing
Capital will be used to scale into North America, expand into Asian markets.