Kanin Energy raises $138 million for waste heat to power development
Calgary- and Houston-based cleantech company received funding from S2G Investments and Canada Growth Fund.
Briefs
Altis Labs raises $25 million USD Series A to expand AI for cancer trials
New funding will help build out a platform designed to detect treatment effects sooner.
Thri5 raises $5.4 million USD to expand AI platform for retail businesses
The startup, founded by former Loblaw Digital leaders, plans to expand across North America and Europe.
Shopify becomes OpenAI’s first e-commerce partner with ChatGPT Ads integration
Integration allows merchants to sync storefronts and advertise directly inside ChatGPT in the US.
Cohere and OpenText partner on Canadian agentic AI stack for enterprises
At ALL IN, Cohere VP says the two companies are targeting a similar customer base.
Aidan Gomez says Cohere won’t get into the business of making chips
Toronto AI company won’t follow competitors in pursuit of in-house semiconductors.
Mila negotiating new federal funding after being tasked with open-source AI file
Solomon: “It’s in the tens of millions. It’s serious backing, and we’re backing Mila.”
CEIMIA, Animikii partner with Manitoba First Nation on stewardship of Indigenous data
Animikii Indigenous Technology and CEIMIA announced the partnership at Montréal’s ALL IN conference.
OpenAI managing director says Canada an “obvious place” for data centre
George Osborne also praised the country’s efforts to solicit international investment and boost AI adoption.
Orbits secures $2 million USD to manage home logistics with AI
A16z Speedrun, N49P, Garage back Orbits’ consumer launch of AI household assistant.
Mila and Mozilla announce plans to build open-source AI for businesses
Canadian government-backed project has received $5 million from Firefox maker and $1 million from Hypertec.
Wise launches chequing account for Canadians
Launch is the latest in European FinTech’s growing rollout of products and services in Canada.
AI minister affirms Canada will have tech super-regulator “with teeth”
At ALL IN, Evan Solomon also teased AI supercomputer selection this fall.
Portage closes fourth FinTech VC fund at $600 million USD
Portage is the FinTech investment arm of Power Corporation-owned Sagard.
Cohere reaches terms with German peer Aleph Alpha to take on AI giants
Combined company will retain the Cohere name and become dual-headquartered in Toronto and Berlin.