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.
British Columbia
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.
Healwell plans to offload research, patient businesses as it focuses on AI
Both Healwell and parent company Well Health reported record earnings in Q2.
US-based Landbase buys team and tech behind Canada’s Adauris to advance AI roadmap
Canadian-founded Landbase says Adauris alums will help it bring “vibe AI” to inbound marketing.
Clutch opens BC facility as it hits the gas on renewed Western Canada expansion
Online used car retailer gears up to scale its presence in Richmond over the next two years.
Propel posts another record quarter as Thinkific begins courting larger customers in Q2
Propel soars on continued demand, while Thinkific posts modest gains and looks upmarket.
Mogo sells $13.8 million of WonderFi stake to buy Bitcoin ahead of Robinhood deal
The company increased Bitcoin holdings as part of a $50-million crypto treasury strategy.
Yaletown Partners raises $100 million in first close for third Innovation Growth Fund
Vancouver VC firm is targeting a final close totalling $250 million within the next year.
AI bookkeeping startup Ceedar is turning customers into investors
Ceedar nabs angel cheques from Canadian founders looking for simplified accounting options.
4AG Robotics looks to grow fleet of mushroom-harvesting robots with $40-million Series B round
AgTech startup says it’s on track to hit $7 million in annual revenue amid high demand for agricultural labour.
Eyam Health strikes partnership with Swiss non-profit to develop one-dollar malaria treatment
Eyam claims its AI drug discovery and delivery platform can develop treatment at less than half the usual cost.
WonderFi co-founder’s xTAO startup secures $31 million CAD for its decentralized AI network
The blockchain company is now publicly traded on the TSX Venture stock exchange.
BC shuffles cabinet, moving Rick Glumac to AI and Ravi Kahlon back to jobs
Province loses JEDI, gains AI minister as premier swears in team “to meet the current moment.”
Quandri secures $16.5 million CAD to help North American insurance firms automate renewals with AI
BC sibling-founders gear up to hire 40 employees and open a Boston office.
Kardium closes $340 million CAD to secure regulatory approval, expand manufacturing for atrial fibrillation heart device
BC medtech company gears up for targeted commercial launch later this year.