Variational AI lands “up to” $349 million USD to discover drugs with Merck
Vancouver firm’s AI platform will generate chemical compounds based on Merck’s therapeutic targets.
British Columbia
Elastic Path founder’s new startup ShopVision secures $5.6 million CAD seed round
Brightspark, BDC Capital, and Rhino Ventures back Harry Chemko-led startup.
Tiny receives conditional approval to graduate to the Toronto Stock Exchange
Holding company to boost stock price through share consolidation and buyback.
Pender Ventures partner Isaac Souweine leaves VC firm
“Mutual” decision leaves Souweine searching for new opportunities in Canadian tech.
Canada outpaced US in tech talent growth in 2024: CBRE report
Toronto eclipsed New York while Waterloo soared 11 spots to become a top North American tech market.
North founders launch Jetson with “smart” home heat pump
Ex-Thalmic team targets home heating with software-first approach.
Feds invest $5.8 million to boost BC’s carbon management tech
Natural Resources Canada backs Agora, Anodyne Chemistries, and Svante as BC cements reputation as cleantech hub.
Klue doubles down on AI with Ignition acquisition
Vancouver startup acquires the San Francisco-based go-to-market platform months after going “AI-first.”
FDA approval marks “most significant milestone” in Kardium’s history
Burnaby firm gets US green light for innovative system to treat atrial fibrillation.
Telus Digital to rejoin parent company after $743-million CAD acquisition
Telecom giant says reuniting with its spinout will accelerate AI and SaaS transformation.
Molecular You secures $6.9 million CAD to scale predictive blood tests across North America
Fresh funding follows US launch of direct-to-consumer platform.
Vistara Growth wants out of “tweener” category as private credit firm gears up to close fifth fund
BC firm has raised $370 million CAD for Fund V amid an increasingly hot venture debt market.
Federal challenge grants Photonic and Xanadu funding to advance quantum defence tech projects
Quantum computing firms among the 19 semi-finalists in latest DND-led IDEaS challenge.
Databricks opens Vancouver R&D centre as data giant anticipates $100-billion USD valuation
New hub will be led by Ken Wong, who founded Vancouver startup Datajoy.
General Fusion staves off funding crunch with $30 million CAD to fuel quest for commercial fusion power
CEO’s public plea answered as company resumes advancement of its fusion demonstration program.