Federal government commits $2.4 billion to AI compute, startups, and safety through Budget 2024
Liberals aim to help “maintain Canada’s competitive edge” in AI with new spending.
Funding
Eirene raises $4.1-million seed round to simplify end-of-life solutions
Funding will support Eirene’s expansion into the US.
With $7.75 million CAD, new CEO, Boston office, TrojAI looks to expand operations
Incoming CEO Lee Weiner was previously senior executive at Boston-based Rapid7 for 11 years.
Brim Financial closes $85-million Series C led by EDC to fund US expansion
FinTech firm fuels up to accelerate growth south of the border.
With latest funding and Scotiabank partnership, Willful sets its sights on profitability
After launching in PEI and Newfoundland in January, Willful now serves all 10 provinces.
BeniPlus secures $1.1 million to simplify employee benefits
BeniPlus offers a wallet system for employees to allocate benefits depending on their needs.
Feds, Québec commit $16 million to create an AI computing cluster at Université Laval
The funding follows recent calls to increase Canada’s AI computing power.
Carbonova secures $6 million to turn GHGs into carbon nanofibres
Alberta firm fuels up to expand its commercial production capabilities.
Tofu nets $1.2 million to fast-track hiring for tech startups
Company’s backers include Night Capital, Garage Capital, Wayfinder Ventures, Ritual Capital.
Ontario Budget 2024 tops up existing funds and innovation centres, allocates funding to healthtech procurement
Province hints that the OSC is developing new rules to support angel investors.
Initiatives from R-LABS, OCI call for a tech-first approach to solving Canada’s housing challenges
Ontario orgs commit to funding proptech, construction tech startups and projects.
Earned wage startup ZayZoon brings on two new backers with Series B extension
The extension brings the FinTech startup’s Series B round to nearly $50 million USD.
RealSage closes $5.5 million CAD to fuel growth of AI-powered real estate software
Proptech firm aims to serve more multi-family rental housing providers south of the border.
Québec to invest nearly $42 million in new AgTech innovation centre
The centre will include laboratories, technological workshops, and a greenhouse complex.
Idealist Capital receives $50 million from Canada Growth Fund
Idealist is the first cleantech investor to receive backing from the $15-billion fund.