Canada needs growth-stage capital, too
Plus: Where every province stands on data centres.
Funding
Tracking the Canadian capital commitments surrounding Carney’s investment summit
BetaKit’s running list of the major investors committing billions of dollars to Canadian projects.
Regulatory AI company Ultimarii raises $13-million Series A round
BDC and Mistral Venture Partners led the financing round, with additional support from IRAP.
CIBC commits $2 billion to financing smaller defence and dual-use businesses
Toronto-based bank joins BMO, RBC, and Canada’s other big banks in ramping up its support for defence.
Wittington Ventures closes third, $180-million VC fund
Weston family-backed firm plans to back 15 more startups.
Clay lands $115-million USD Series D at $7-billion valuation
Canadian-founded go-to-market startup wants to become “the AI growth engine for every company.”
RBC launches billion-dollar Canadian tech growth fund
Canada’s biggest bank wants to help the country’s next tech champions scale.
Onix raises $5 million USD to create AI library of health and wellness “experts”
Montréal startup is betting on small language models and demand for data privacy.
Feds pump $11 million into BC tech, including solar and drone delivery
Funding includes nearly $3 million to UBC and almost half a million to Open Waters Solar.
US government invests $200 million USD in Canadian-founded quantum firms
D-Wave and Rigetti both receive $100 million as US government takes stakes in quantum companies.
ASI Engineering lands nearly $1 million to scale AI for asset management
Funding comes through federal government’s Business Scale-up and Productivity program.
Molagri wants to design a pesticide that evolves as quickly as pests
Toronto startup looks to emerge from Y Combinator’s Demo Day with “war chest” to hire more scientists.
Protein Industries Canada invests more than $2 million into AI for AgTech
Two projects will seek to develop AI solutions for crop disease, grain monitoring.
NorBot closes $1 million to establish a commercial robotics integrator
Vancouver startup aims to help Canadian businesses “robotize.”
Launch alum closes $1.6 million to support healthier living with The Wellness Company
BDC, BKR, Launch back former Jason Calacanis associate’s consumer healthtech vision.