Potential Motors secures $2 million to commercialize terrain-perception software for off-road vehicles
After years of R&D, Potential says it is ready to take its core tech to market.
Funding
AlterBiota closes $4-million seed round in mission to decarbonize concrete
Invest Nova Scotia, BDC-backed AlterBiota has developed a sustainable concrete additive.
Netskrt Systems secures $10 million CAD in Series A financing to improve streaming speeds in “underserved” communities
Yaletown Partners and InBC Investment Corp were among investors in the content-delivery network startup.
Save da Sea closes seed financing, becomes the first investment of BDC’s Thrive Lab
Startup is serving up plant-based alternatives to seafood.
Hydrogen power projects receive $57 million in funding from Alberta government
Alberta government wants to make the province the “hydrogen capital of Canada.”
Galatea secures $2.7 million to help oil and gas companies tackle waste disposal
Amid shifting environmental and regulatory landscape, Calgary firm eyes US expansion.
Qohash secures $17.4 million in Series B funding for data security platform
Platform finds, inventories, and continuously monitors organizations’ sensitive data.
Forcen closes $8.35 million in funding to develop its touch-tech for robots
The round was co-led by Brightspark Ventures and BDC Capital’s Deep Tech Venture Fund.
AI and Web3 startup Inference Labs secures $2.3 million in pre-seed funding
Startup wants to create an open-source AI inference market.
Swtch Energy secures $27.2 million USD to continue deployment of EV chargers for multi-unit buildings
Round leader Blue Earth Capital said Swtch’s focus is a market opportunity to grow the clean energy economy.
Contango Digital Assets closes $5 million for “Blockchain x AI” seed fund
Backed by WonderFi CEO Dean Skurka, the fund seeks to support projects using both blockchain and AI.
DMZ receives $500,000 grant to expand Basecamp program for student entrepreneurs
To date, Basecamp has helped over 365 students launch 151 startups.
Eocycle Technologies secures $25 million CAD to expand wind turbines in US, Europe
Cleantech firm plans to use government incentives in target markets to accelerate expansion.
What’s in #Budget2024 for Canadian tech?
All eyes in Canadian tech are on AI, open banking, cleantech, and… taxes?
Shein’s Canadian delivery partner UniUni secures nearly $70 million CAD
The last-mile service secured just over $45 million CAD in Series B funding last year.