What’s in #Budget2025 for Canadian tech?
Feds make huge spending commitments but finally get competitive on defence, taxes, and financial services.
Deep Tech
Canadarm maker invests $10 million in Maritime Launch’s Atlantic Canada spaceport
MDA Space will support development and future operations of Spaceport Nova Scotia.
Maritime Launch gets $10-million loan from EDC to build Nova Scotia spaceport
Spaceport Nova Scotia is developing the required infrastructure for future orbital missions.
Waabi’s self-driving system now powers Volvo’s new autonomous truck
Waabi Driver integrated into the Volvo VNL as companies look to commercialize self-driving trucks.
Deep Sky aims to build one of the world’s largest carbon capture facilities in Manitoba
Province has “ideal geology” for $500-million facility’s carbon storage.
NordSpace and C-Core partner to build ground station infrastructure across Canada
Stations support tracking and controlling aerial systems like satellites.
Hyperlume snapped up by San Jose-based Credo for undisclosed amount
Sale comes seven months after the Ottawa startup’s nearly $18-million CAD seed round.
NordSpace’s second rocket launch attempt flames out after multiple launchpad fires
Second launch window expires as fuel issues delay rocket launch.
Cohere’s valuation hits $7 billion USD following $100-million round extension
Canada’s leading AI company raised $500 million USD at a $6.8 billion valuation in August.
Loblaw expands Gatik deal to 50 driverless trucks by 2026
Renewed partnership moves beyond trials to serve more than 300 GTA stores.
Wittington Ventures hires former MaRS IAF leader Zeeshan Ali as partner
Weston-backed VC adds Ali to help lead its cleantech and healthtech innovation fund.
NordSpace granted new window for Canada’s first commercial rocket launch
Aerospace startup’s previous attempts foiled by weather conditions, faulty safety systems.
Isabelle Hudon says BDC is getting ready to support Canada’s defence tech sector in “a more aggressive way”
Latest report shows Crown corp. hiked VC investments and contended with “correction on valuation” in fiscal 2025.
“Academically disingenuous”: Cohere co-founder calls out Sam Altman for AGI hype
On 20VC Podcast, Nick Frosst rejects idea that AI models pose a threat to humanity.
NordSpace’s rocket launch thwarted by faulty safety system, weather delays
Attempt at delivering the first Canadian commercial rocket launch delayed until at least September.