RailVision Analytics closes $5.5 million CAD to cut train emissions by curbing fuel consumption
Trucks choo-choo chooses RailVision following successful pilots with Via Rail, Metrolinx.
Funding
UgoWork closes $22.8 million Series B to help expand the use of lithium-ion batteries in Fortune 500
Canada ranks second in Bloomberg’s lithium supply chain ranking.
AgTech startup Ground Truth secures $4 million to improve grain analysis for farmers
Seed round: startup’s technology will allow farmers to make sound investment decisions.
Nortel alum-turned-mystery novelist combines her tech and writing background with Fictionary
Fictionary’s $1.8 million round one of the first investments out of BDC’s Thrive Venture Fund.
Federal government’s Climate Action and Awareness Fund invests $58 million into 24 cleantech projects
Volkswagen fines fuel climate projects at Canadian universities.
Wiseday enters Canada’s digital mortgage space with “instant” pre-approval process
Wiseday is led by RenoRun, Hopper, Ssense, Ubisoft, Nesto alumni.
Acerta closes $10.4 million CAD Series B to help automakers like Nissan and GM build car parts more efficiently
Acerta puts pedal to the metal and targets North American, European expansion.
WorkJam closes $50 million USD round co-led by Inovia, Fonds FTQ
WorkJam’s platform is geared towards supporting the frontline workforce.
Yield Exchange nabs $110,000 after winning both SAAS NORTH 2022 pitch competitions
The Vancouver startup provides an online marketplace for guaranteed investment certificates.
Teralys receives $40 million from CDPQ in re-up for seed-stage fund of funds
The seed fund of funds comes in addition to Teralys raising a new VCCI-backed fund.
Alvéole closes $8.1 million Series A to help companies meet ESG goals with beekeeping
Buzzing with fresh capital, Alvéole aims to use bees to build greener cities.
BluWave-ai, Tehama receive collective $4.4 million from FedDev Ontario for product development, hiring
The federal government investment is expected to create 85 jobs in the Ottawa region.
Symend closes $54 million CAD to pursue global expansion amid uncertain economic environment
Facing market headwinds and tailwinds, Symend has cut staff and set its sights on growing efficiently.
BoostSecurity emerges from stealth with $12 million CAD to automate cybersecurity for DevOps
Two veterans in the application security space want everyone to deliver software at large scales.
Cyclica receives $2.4 million CAD grant from Bill & Melinda Gates Foundation
The grant is helping develop new, hormone-free contraceptives.