Ottawa gives NRC $900 million for drone innovation hub and defence-focused IRAP stream
Commitment comes through $6.6-billion Defence Industrial Strategy.
Funding
Janet Bannister’s Staircase Ventures closes $50-million second fund
BDC Capital, University of Alberta, InBC join early-stage Toronto VC firm’s LP base.
Dominion Dynamics says it will invest $50 million to build a “sovereign autonomous wingman”
Uncrewed aircraft will be designed to fly alongside crewed fighters.
UniUni raises $85 million USD as it scales gig-powered delivery across North America
Beijing-based PE firm leads $30-million equity round, with RBC providing $55-million credit facility.
CVCA and NACO offer competing visions for feds’ $750-million venture envelope
NACO points to early-stage gaps, while CVCA wants capital committed to growth.
Ottawa puts $8.5 million behind 40 Atlantic Canadian AI projects
Evan Solomon announces support for Université de Moncton, Volta Labs, Digital Nova Scotia, and others.
NationGraph raises $18 million USD to bring AI to the black box of government contracting
Canadian co-founded startup is building AI intel platform for teams selling to governments.
Ottawa makes first RDII investments in Ontario with $15 million for CDL Defence and Wolf Advanced Technology
Money will support CDL’s defence accelerator and Wolf’s high-performance computing systems.
JetScaleAI secures $5.4 million to keep cloud costs and climate impact down
Former Dataperformers leaders aim to help companies optimize their cloud infrastructure.
Québec government invests $36 million to sustain Mila’s AI research
Funding comes through Québec’s five-year innovation strategy.
How Stay22 went from pandemic freefall to one of Montréal tech’s biggest growth stories
After losing 90 percent of its revenue in 2020, travel tech startup secures $122-million USD investment.
NordSpace launches venture arm with strategic investment in Wyvern
Edmonton satellite company says the investment will advance its next-generation Rosette satellites.
Private equity firm Novacap closes seventh and largest tech fund
The nearly $3.8-billion USD fund continues “disciplined” tech buyout strategy.
As vacancies rise, Padder aims to insure rent payments for tenants who may not fit the traditional mould
Former Zensurance employee looks to bring “guarantor-as-a-service” offering to Ontario.
Alberta-made robots are helping keep this Vancouver shipyard safe
Confined Space Robotics partners with Seaspan Shipyards to make working in tight spaces less dangerous.