PrairiesCan minister says new regional funding shows Canada’s commitment to AI
Feds adding $500 million to support AI adoption programming among small- and medium-sized businesses.
Funding
Feds to buy stake in Cohere via planned $7-billion Series E at $36-billion valuation
The Government of Canada is investing $1.6 billion in the Canadian AI darling.
Solink raises more than $100 million USD to help physical stores keep an eye on their business
Ottawa company wants to expand beyond video surveillance into broader business intelligence for the physical world.
Bot Food secures $1.5 million to give AI users more control over their data
Repeat AI entrepreneurs behind Wysdom are betting personal context will be key as AI becomes more powerful.
Wealthsimple announces $425-million Series F at $13.8-billion valuation
Existing backers to pour another $300 million into Wealthsimple and buy $125 million in shares from staff.
Vistara Growth goes evergreen with launch of sixth private credit fund
Vancouver investment firm targeting $500-million USD fund as it looks to hop off the perpetual fundraising wheel.
North Vector Dynamics raises $20 million to scale counter-drone capabilities
Led by Europe’s Tech Horizons, raise is one of the largest in Canadian defence tech.
Symx.ai spent years unlocking mining data. Now it’s building “an operating system” for heavy industry
Sudbury startup’s $6-million USD Series A and Yokohama partnership mark new stage in its industrial AI push.
DropGenie raises $5 million USD backed by BDC to speed up biological discovery
Montréal and Boston-based biotech startup aims to draw more data out of small samples.
Canadian VC industry hails federal funding boost, but timing and early-stage gap remain concerns
Ninety percent of $750-million funding envelope earmarked for later- and growth-stage funding.
Neo Financial secures $185-million credit facility from credit unions
Financing will be led by ATB Financial and include participation from Vancity, Beem, Alterna, and Innovation Federal Credit…
PataBid raises $2 million to expand AI construction estimator
Calgary startup is developing agentic AI it says will launch next year.
Live event marketing tech startup Hive brings on Frontier Growth with Series B
Kitchener-Waterloo software firm says majority secondary $27-million USD round “isn’t a venture investment.”
Families of Wes Hall, Patsy Anderson make $3-million donation to SickKids’ AI initiative
SickKids AI program looks to deploy “responsible AI” across clinical care, research, education, and operations.
Inovia secures $200-million USD first close for sixth early-stage VC fund
Fund VI will be Inovia’s “first completely AI-native fund” and focus on frontier tech.