McKinsey alumni raise $2.5 million USD to build AI for industrial manufacturers
Toronto’s Aerium has set out to build “the next Siemens of the world.”
Funding
Molagri raises $5.2-million USD seed round to bolster work on pesticides that “evolve”
Funding will support hiring more scientists and conducting field trials.
Canada invests $50 million into Canadian Food Innovation Network
CFIN will use funding to help processors and manufacturers adopt Canadian-made technology.
Feds make good on AI Strategy pledge with $500-million top-up for regional AI initiative
Total funding now sits at $700 million, with aims to support AI adoption and commercialization.
Google backs launch of cross-Canada cybersecurity training hubs
Cyber clinics will act like teaching hospitals for the digital age, giving new professionals real-world experience.
Calgary philanthropist donates $30 million to fund drone facility at SAIT
Bissett Autonomous Aviation Park will train and test autonomous aircraft as part of new diploma program.
Mecka AI reveals $60-million USD Series B round backed by Sequoia, Nvidia
Startup aims to provide the real-world training data required to deploy robots.
Athlete-led Endo launches with $815,000 to modernize sports agencies
Relay Ventures backs startup’s plan to close the endorsement “information gap” with AI.
Reactiv acquires US-based competitor Kin
Acquisition brings in brands like Steve Madden and Chubbies, following startup’s unannounced seed extension round.
Software startup Polygrade emerges from stealth to build AI for home warranty claims
Former Setter, Sears Home Services leaders launch with $6.3 million USD in seed funding.
OSCP closes $6-million USD Series A round to power navigation without GPS
Montréal photonics startup aims to disrupt the IMU market with a smaller, more accurate alternative.
H2 Analytics secures $800,000 in FedDev funding to improve defence training platform
CEO says repayable funding will help the platform integrate new AI features and expand internationally.
Biossil hits unicorn status with new OpenAI-led financing
Toronto-based biotech raises $153 million USD to give discarded drug candidates an AI-assisted second chance.
Axya closes $17-million Series A to modernize manufacturing procurement
McRock, Yamaha, CIBC back Axya’s plan to help manufacturers automate sourcing and purchasing.
Femtech Connect conference puts femtech funding under the microscope
While women founders dominate the femtech landscape, men still get most of the money.