Sanctuary AI, Nexera, and Novarc make deals and developments in busy week for Vancouver robotics companies
Nexara nabs funding from BDC, Novarc strikes a partnership, and Sanctuary AI’s robots get touchy.
Funding
TandemLaunch closes $37-million Fund IV to create and back deep tech startups
Through VCCI, feds support the firm’s plans to launch new Montréal companies.
Former EventMobi, Voiceflow leaders secure $2 million CAD to tackle retail merchandising with Merchkit
Startup aims to help retailers cut product launch timelines, operational costs via AI.
Avitia launches AI-powered cancer diagnostics platform with assets from defunct Imagia Canexia
CEO James Lumsdaine secures $5 million seed round from firm where he is also a partner.
Paperplane Therapeutics raises $1.5 million to ease anxious patients with VR gaming
Funding to help company expand its reach across North America and Europe.
Vault rebrands to Venn following $21.5-million Series A round
Founded as a multi-currency account, Venn looks to broaden its financial management solutions and sales staff.
Opal announces $1.5 million USD to build “the operating system for ad agencies”
FinTech startup’s backers include Exit North Ventures and Bench co-founder Ian Crosby.
Non-profit organizations receive nearly $40 million as part of latest AI-focused CanCode program
Federal funding aims to support 22 orgs teach coding, data analytics, and AI skills to 1.5 million students.
Dispersa closes $5.8 million to turn food waste into chemicals for everyday products
Cleantech startup’s seed round was financed entirely by Canadian investors.
Hyperlume raises $17.8-million seed round to commercialize its AI data centre tech
Ottawa startup claims its microLEDs achieve significant gains in performance, cost, and energy efficiency.
Tribe Network among second round of federal 2SLGBTQI+ Ecosystem Fund recipients
Latest round deals $2.8 million across 12 groups and strengthens program support in Northern and Atlantic regions.
Sherbrooke’s quantum sector gets $8.1-million boost from federal government
Quantum error-correction startup Nord Quantique to put $1.8 million toward quantum computer assembly lab.
Reverb Therapeutics closes $17-million seed round led by Amplitude Ventures
Reverb looks to treat cancer and autoimmune diseases with its antibody modification platform.
Megadeals kept Canadian VC funding afloat in 2024: report
Clio’s historic Series F round prevented Canada’s VC funding totals from dropping six percent year-over-year.
Certn and Quadshift secure capital from BDC Capital’s topped-up funds
Funding follows apparent departure of Certn president less than a year into the job.