Nord Quantique, Xanadu, Photonic advance to next phase of DARPA quantum race
US military-backed initiative aims to build useful quantum computer by 2033.
British Columbia
Arca strikes 10-year carbon removal deal with Microsoft
For the second time this year, Microsoft has partnered with a Vancouver carbon capture startup.
Hootsuite lays off 20 percent of its global workforce
The social media management platform was recognized as a BC anchor company last week.
Grammarly rebrands to Superhuman as it expands from catching typos to AI productivity
Superhuman houses writing assistant, email, collaboration tools, and AI agents in a unified platform.
FINTRAC issues record-setting, $177-million fine against crypto exchange Cryptomus
Money laundering watchdog hands out hefty penalty for failure to submit over 1,000 suspicious transaction reports.
Clio the latest Canadian company to partner with Affirm for “buy now, pay later” service
Legaltech company also launches its own capital advance program as it tackles the enterprise market.
Clio caps off year of big acquisitions by launching new enterprise division
Enterprise suite provides software for legal and business operations sides of large law firms.
Spring Impact Capital closes $14-million fund to grow Canada’s climate and healthtech ecosystem
The Vancouver impact fund has already invested $2 million across eight Canadian startups.
Pawsible Ventures looks to sniff out opportunities in pet health
Vancouver-based studio’s inaugural fund is fetching $10 million to help build pet health startups.
How CTK Bio uses R&D support to compete on cost
With SR&ED support from Boast, the BC startup keeps sustainable plastic alternatives moving from lab to market.
BDC Capital’s Cheri Corbett joins Pender Ventures as partner
Calgary-based Corbett joins a month after Isaac Souweine left the fund.
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.
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.