University of Toronto establishes AI research chair to recruit the next Geoffrey Hinton
Google and U of T are each providing $10 million to support the position.
Funding
Partage Club bets on the sharing economy with item-lending app
Montréal startup raises $2.1 million to expand across Canada and internationally.
Morphocell rounds out Series A at $50 million USD to accelerate liver regeneration tech
Montreal biotech secures another $10 million USD co-led by Investissement Québec and CDP Venture Capital.
Canadian governments open arms, and wallets, to US chipmakers
Federal, Québec, and Ontario governments promise millions to Canadian semiconductor projects from IBM and Marvell.
Versos offers copyright-cleared data to help AI generate videos, not lawsuits
As AI companies face copyright pressures, Versos marketplace offers traceable, rights-cleared video.
Feds commit $42.5 million to expand AI compute infrastructure at University of Toronto
Funding will help researchers across the country train AI models with billions of parameters.
Augmentt lands $18 million to help safeguard cloud software for SMBs
Former N-able leaders aim to help MSPs manage security across SaaS apps.
MedReddie helps hospitals spend less time shopping. It just raised over $2 million to go global
Digital platform helps procurement teams avoid “information overload.”
Team of Toronto talent unites after Y Combinator to build Clado
Clado has raised $2 million USD for its mass-recruitment AI platform.
New Life Sciences Fund and leadership churn reveal continued reset at BDC
Growth Venture Fund leader is out nine months after BDC allocates $1 billion and expands mandate.
CereCura secures $1.4 million to tackle brain disorders with COVID-era vaccine tech
UBC spinout aims to conquer blood-brain barrier to improve protein delivery to the brain.
Vistara Growth closes $321-million USD fund after “friend-raising to the max”
Fifth fund closes after nearly two-year raise that fell short of “ambitious” initial goal.
Glowtify hopes to equip e-commerce marketers for the holidays with $3.4-million seed round
Startup claims it hit $1 million CAD in revenue this year and wants to triple that next year.
Fewer, larger financings give Canadian VC a boost in Q3 as domestic PE stays hot
CVCA says rise in growth investment “a good sign” but early-stage VC activity continues to lag.
CoLab cashes in on AI demand with $72-million USD funding round
Y Combinator alum claims more than 47,000 engineers are waitlisted for its AI-powered collaboration tool.