University of Waterloo leading consortium for 5G innovation that includes Rogers, BlackBerry
BlackBerry, Rogers, Rockport Networks among industry partners taking part.
Funding
ReelData raises $10.6 million CAD using AI to monitor fish populations
Halifax startup reels in cash to help farmers monitor fish populations with accuracy.
Terramera forms new subsidiary to address more problems facing farmers
EnrichAg closes $6 million USD in “evolution in Terramera’s history.”
Able Innovations, Cognota, BlueDot among recipients of $14 million FedDev investment
Federal contribution expected to create over 230 skilled jobs across GTA.
Nanoprecise closes $13.4 million CAD Series B round for its manufacturing monitoring software
Edmonton startup combines wireless sensors with AI to detect small changes in machine performance.
Radical Ventures raising new $550 million USD fund as AI sector heats up
Radical managing partner believes “AI will eat all software over the next decade.”
NorthStar raises $47 million CAD Series C round for expected satellite launch in mid-2023
The Montréal startup provides monitoring solutions for all near-Earth orbits from space.
Ocean Supercluster launches initiative to increase Indigenous participation in ocean economy
The global innovation cluster is contributing $230,000 for the first phase of the initiative.
Ontario commits $19 million to the province’s regional tech hubs to bolster EV manufacturing
ventureLAB, Communitech, Invest Ottawa, NORCAT among the recipients.
Darwin AI secures $8.1 million CAD to improve efficiency of electronics manufacturing
CEO says the global shortage of semiconductors and PCBs “favour disruption.”
Federal government commits $90 million to boost intellectual property support for startups
Communitech, MAIN, New Ventures BC, Innovate Calgary, and Springboard Atlantic all secured funding.
AlayaCare co-founder launches venture fund Storytime Capital with $15 million
The VC wants to invest in founders that aim to change the landscape of work.
KeyOps secures $4 million CAD to connect pharma sales, marketing staff with physicians
Healthtech startup to use funds for North American expansion.
Walnut Insurance secures $4 million CAD to help FinTechs deliver embedded insurance programs
Walnut has partnered with Neo Financial, Nuula to launch their insurance products.
Frate secures $2 million CAD to make e-commerce returns sustainable, cost-effective
“We turn customers’ houses into warehouses, and also fulfillment centers.”