Cohere remains Canada’s AI hope
Plus: The bright spot in Québec’s gloomy VC landscape.
Funding
Bobbie Racette steps down as CEO of Virtual Gurus after closing undisclosed funding
COO Elliot Schneier promoted to CEO as company founder becomes president.
Cohere secures $500 million USD at $6.8-billion valuation, hires former Uber and Meta execs
Chip giants AMD and Nvidia return as Canada’s Radical Ventures and Inovia co-lead.
Federal government invests $8 million into six Québec EV battery and charging projects
NRCan funding follows a period of turmoil for Québec’s EV sector.
Seed-stage rebound a bright spot in Québec’s gloomy VC landscape: report
Sixty percent of VC deals in the province were under $5 million in Q2, new data shows.
BinSentry raises $68.8-million CAD Series C as it brings remote animal feed monitoring platform to Brazil
Kitchener agtech company claims it has 100 percent year-over-year growth with no customer churn.
“Wake-up call” unheeded as Canadian VC investment hits lowest level since H1 2020
CVCA report finds life sciences, venture debt among bright spots in otherwise bleak H1 2025.
Uno Platform raises $3.5 million to bring “pragmatic vibe coding” to enterprises
Startup says patent-pending technology aims to boost career coders’ productivity without sacrificing security.
Rozvelt bets on hardware for hunters amid tariff-spurred funding crunch
Montréal-based startup targets niche market with odour-masking headgear.
TeamLinkt scores $8.3-million CAD Series A to expand sports administration platform across North America
Saskatchewan startup gives over 3,000 sports orgs and three million users an assist with league management.
Canadian-founded Clay raises $100-million USD Series C led by Alphabet’s growth fund
Clay has grown its valuation sixfold in just over a year, from $500 million USD to $3.1 billion USD.
LiORA secures $5.1 million in seed funding to scale its soil remediation platform in the United States
Remediation platform tracks and helps clean pollution in abandoned industrial sites.
Blue J raises $167.4-million CAD Series D after AI tax research platform more than doubles revenue
Funding to bolster Toronto startup’s team expansion, product development, and market reach.
Canada’s AI safety institute pledges $1 million to UK counterpart for research collaboration
Canadian AI godfather Yoshua Bengio joins advisory board of $29-million research initiative.
NGen helps lead $108-million investment in sustainable manufacturing tech
News comes as Carbon Upcycling breaks ground on a CO2 capture facility.