Google and Nvidia-backed CentML secures $37 million CAD to help companies deploy AI amid chip shortages
Toronto startup wants to help AI hardware “starvation period” by optimizing ML models.
Funding
After pivoting focus from sellers to buyers, Kiwiz hopes to be the Uber for car inspections
Kiwiz has raised $600,000 CAD in pre-seed funding.
Federal, Québec governments invest over $7.6 million into quantum telecom testbed
The testbed will allow businesses to experiment with quantum technologies for telecom networks.
PADS Financial secures $3 million CAD in pre-seed funding, launches online mortgage platform
PADS looks to leverage AI and blockchain with its online mortgage servicing platform.
PacifiCan invests $9.9 million CAD into Innovate BC’s cleantech adoption initiative
The Integrated Marketplace links local tech companies to industry partners looking to decarbonize.
QuoteMachine adds $3.7 million in new funding to streamline the sales stack for merchants
The Montréal-based startup is led by Lightspeed alumni.
Canadian Council for Aboriginal Business receives $500,000 in federal funding to address barriers for Indigenous entrepreneurs
The new funding will help the CCAB promote the federal government’s 50-30 challenge.
Traffic management startup Miovision closes $36 million CAD, bringing latest round to $296 million
Amid acquisition spree, Miovision will use the funding to fuel organic and inorganic growth.
University of Alberta targets $50 million with new innovation fund, announces first investment in AI system control startup
The university plans to reinvest returns from the donor-fuelled fund into “future innovations.”
With new funding, Astrus has secured $3.6 million CAD to date for its AI microchip design offering
Astrus wants to cut down the time-consuming analog microchip design process.
Restaurant software startup Snappy secures $7-million Series A round
As restaurants continue to digitize, Snappy’s new investor believes the solution is a flexible option for a “fractured…
Federal government commits $2.7 million to new education project through Women Entrepreneurship Strategy Ecosystem Fund
FAIR.E, launched this week, will provide entrepreneurship education programs to 1,800 women in six provinces.
Procurify closes $68-million CAD Series C to invest in AI, global expansion of spend management platform
Ten Coves Capital, EDC join existing backers Information VP, HarbourVest.
Hiive secures $5.7-million CAD Series A to improve VC secondary trading
Hiive is still seeing a significant bid-ask spread for secondary stakes on its platform.
Cycle Momentum receives $22.25 million in provincial backing, launches matching cleantech funding program
Origo will offer Québec-based pre-seed and seed-stage startups with $150,000 CAD in funding.