BDC unveils $4-billion defence technology platform
Crown corporation explicitly encourages businesses to “apply their skills to defence needs.”
Funding
Amiral Ventures holds $40-million first close to address “lack of leadership” in Canadian VC
Montréal firm backed by Québec government, Desjardins Capital, and nearly 50 individual LPs.
Scale AI unveils $129 million for 44 new applied AI projects across Canada
AlayaCare, League, FluidAI Medical, MDA Space, and Vooban among recipients.
Canada launches its own quantum research program to rival DARPA initiative
Nord Quantique, Xanadu, Photonic, and Anyon to get up to $23 million in funding through CQCP.
Tuhk raises $6 million USD to crack down on financial cybercrime
Enterprise FinTech startup planning launch in Canada, the US, and UK next year.
Simuhealth raises $2.6 million pre-seed to modernize healthcare training
New capital will help Vancouver startup scale its training management platform across North America.
Assetflo closes $2 million USD to make clients’ every physical asset “searchable”
Kitchener-Waterloo startup’s mesh network tech already helps Fortune 500 firms track assets.
Gander hits $1.5-million crowdfunding target as Canadians back homegrown social network
App now has 1,800 Canadian co-owners, extends funding deadline to January.
She tried to bring Silicon Valley’s tech energy to Vancouver. Why did she leave to build a US startup instead?
Mai Trinh’s Internet Backyard nabs $4.5 million USD pre-seed for data centre financing platform.
Microsoft to spend $7.5 billion on AI data centre expansion with pledge to protect Canada’s “digital sovereignty”
President calls project “the most important commitment in Microsoft Canada’s history.”
General Fusion reportedly faces pressure to go public after $51.5-million raise
Investors reportedly pushing company toward public markets as race for fusion power intensifies.
Feds’ new Defence Investment Agency awards first contract to MDA Space and Telesat
Partnership will develop satellite communications capabilities in the Arctic.
Nfinite nabs $4.6 million to prove it can make paper that performs like plastic
University of Waterloo spinout aims to scale tech that extends shelf life of paper packaging.
From sawdust to seed round: ConstructionClock grows from Winnipeg
Contractor-turned-founder David Peters raises $2 million for automated attendance-tracking app.
Feds unveil $358-million initiative to bolster Canada’s defence supply chain
Regional Defence Investment Initiative will be deployed by Canada’s regional development agencies.