MDA Space, Calian, and Kepler tapped to lay groundwork for Canada’s next-gen satellite system
Companies awarded $2.4 million to develop ground systems behind RADARSAT+.
Funding
Maneva raises $27-million USD Series A to expand AI vision in manufacturing
Capital will be used to scale into North America, expand into Asian markets.
Koho becomes Canada’s latest unicorn following $130-million Series E round
FinTech firm passes 2.5 million users as it navigates “final stages” of acquiring banking licence.
Nesto secures nearly $1.5-billion valuation in new Series E round
Montréal-based digital mortgage lender wants to speed up approvals using AI.
AI rollup company Beacon closes $225-million USD Series C round
Toronto holding firm fuels up to continue software acquisition spree.
NORAM Electrolysis Systems nabs $5.6 million to scale up lithium refining
Funding will support development of next-generation electrochemical lithium refining platform.
DataBraid secures $1.9 million USD to solve insurance brokers’ “portal hopping” problem
Brainchild of Koru and Scoop aims to solve the quiet inefficiency eating away at brokers’ margins.
Pricepoint closes $6.6-million CAD seed round for AI hospitality platform
All-Québec cap table includes Brightspark Ventures, Boreal Ventures, and AQC Capital.
Canada’s AI strategy looks to shift government from startup supporter to stakeholder
New $500-million fund will take equity stakes in promising Canadian AI firms.
Scispot closes $8-million USD Series A to become the operating layer for life sciences labs
Singh brothers aim to provide the infrastructure to power self-driving labs.
Mecka AI announces $60 million USD to power physical AI
Canadian-led startup aims to build “the data and deployment layer” for robotics.
Version One Ventures raises $108 million USD across two new funds
But Vancouver-based deep tech investor is increasingly looking outside of Canada.
Saris raises $28.8-million USD Series A to automate banks’ back offices
Canadian founders of YC-backed Oohlala Mobile return with new startup.
Investor burn books and FaceTiming Serena Williams: three founder fundraising stories from Homecoming
CEOs of Float, Neo Financial, and Rebel told Homecoming attendees how they courted investors.
Lastwall raises $16 million to defend critical infrastructure in cyberspace
CEO says modern cyber warfare involves targets once considered off limits.