Canada injects millions into AI research program amid “global war” for talent
A $24-million investment will support 20 new appointees to CIFAR’s AI Chair program.
Funding
Quantum Bridge raises $8 million USD to prepare for “Q-Day”
Series A funding will help U of T spinout scale its Q-Day-ready encryption method.
N49P’s $25-million USD first close for Fund IV will help it hunt more “diamonds in the rough”
Toronto VC firm aims to raise $70 million to invest in more nascent tech startups.
Alberta partners with Amii to establish Health Innovation Lab
Lab will focus on integrating AI into provincial healthcare development.
Sagard spins up new $150-million USD AI fund
New fund will target companies helping accelerate AI adoption in financial services and other sectors.
Relay secures $50 million USD to bring more small businesses to its banking platform
Toronto FinTech firm aims to build “financial command centre” for self-made small businesses.
PrairiesCan reveals $6.8 million in AI support funding at Upper Bound
Edmonton’s largest AI conference celebrates its fifth anniversary this year.
Feds back new group embedding graduate researchers with Canadian companies
TICAN will work with firms to identify R&D challenges, then find grads who can solve the problem.
CMC Microsystems picks 11 winners for $10.7-million edge computing challenge
Funding comes through FABrIC network, which aims to grow Canada’s advanced semiconductor capabilities.
Telecom software startup Gaiia secures $40-million USD Series B round
Québec City spin-out of Oxio sells software for challenger telecoms.
Ian Crosby is back with a new accounting startup for the agentic AI era
Three-time Canadian founder raises $10 million USD for San Francisco-based Synthetic.
Top Down closes VC fund aimed at “invisible infrastructure” of the global economy
Vancouver firm beats $25-million USD target for fund backing early-stage MSP and AI startups.
UniUni to reportedly go public on TSX in $1-billion USD SPAC deal
BC-based last-mile delivery firm says it could pass $1 billion USD in sales this year.
AI investment firm DevCap closes $5 million as it eyes public listing
10 startups in, the poker players-turned-VCs behind the firm unpack its progress and plans.
Feds announce $66 million for 44 businesses through AI Compute Access Fund
Program offers financial support to subsidize costs to commercialize or scale AI projects.