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.
Deep Tech
North Vector Dynamics secures $4.2-million contract with National Defence for hypersonic propulsion
Calgary-based startup says Canadian VC interest in military technology is growing.
Deep Sky boots up inaugural direct air carbon capture facility in Alberta
Cleantech company plans to remove 3,000 tonnes of CO2 from the air by the end of the year.
Cohere secures $500 million USD at $6.8-billion valuation, hires former Uber and Meta execs
Chip giants AMD and Nvidia return as Canada’s Radical Ventures and Inovia co-lead.
Waabi hires Uber Freight CEO to lead commercialization of self-driving trucks
Lior Ron appointed as COO as Waabi looks to transition from R&D to deployment.
NordSpace breaks ground on new Atlantic Spaceport Complex in Newfoundland
Complex just outside of a small fishing town to support Canada’s first commercial space launch later this month.
Cohere pitches security and productivity with general release of North enterprise AI platform
Co-founder Nick Frosst reiterates that return on investment is Cohere’s priority.
NGen helps lead $108-million investment in sustainable manufacturing tech
News comes as Carbon Upcycling breaks ground on a CO2 capture facility.
Why Canada’s federal government keeps talking about quantum tech with Xanadu’s Christian Weedbrook
A federal push for quantum sovereignty comes at the right time for Xanadu.
GreenSky closes $23.5-million sixth fund with help from new managing partner Jeff Brunet
NBIF becomes LP as Toronto firm dips its toes into institutional investor pool.
Rahul Goel wants to give Canada its Apollo moment
Markham-based NordSpace is prepping for Canada’s sovereign space future.