Cohere secures strategic investment from SAP as enterprise demand for generative AI grows
Toronto-based Cohere has also partnered with McKinsey.
Funding
ProShop ERP raises $32 million to help manufacturers digitize operations
ProShop has previously been a founder-financed company for seven years.
YC-backed Reworkd secures $1.65 million CAD to build AI agents for business tasks
Founded by a trio of Vancouverites, Reworkd has nabbed funding from Panache.
Metafold 3D closes $2.35 million CAD to fuel industrial adoption of 3D printing
Toronto startup has interest from sportswear and biopharma clients for its 3D printing tech.
Startupfest 2023 awards Hutsy twice while Ora Medical receives BDC prize match
Ora secured BDC, crowd matching investments on top of the $100K Women in Tech award.
Active Impact, Breakthrough-backed Othersphere secures $3 million to strategically locate climate tech projects
Victoria-based startup aims to drive industrial decarbonization with data analysis.
SenseNet raises $1.3 million CAD for its wildfire-detecting technology
The Vancouver firm is the latest of several wildfire-detection startups that expect to see flames fan their fortunes.
HEC Montréal secures nearly $1 million for new entrepreneurship professional certification
The program aims to help organizations that support entrepreneurs to strengthen their expertise.
Graphite Ventures secures $10 million from AEC to continue Alberta commitment
The Toronto-based VC firm recently invested in the Calgary startup WaitWell.
WaitWell closes $1.5 million to bring its queue management tech to new markets
After establishing itself in higher education, WaitWell eyes private health care.
Formaloo raises $2.9 million CAD to help businesses build apps without any code
The startup aims to ramp up marketing efforts in Canada.
Ditch Labs secures $3.25 million to treat nicotine addiction with tech
Montréal startup set its sights on a massive public health issue.
BDC shares more detail on $100-million Thrive Lab, including $35-million co-investment commitment
Initial phase will focus on early-stage, women-led businesses with social impact.
Canadian cleantech continues fundraising streak as Orennia, CarbonCure raise collective $105 million USD
From Halifax to Calgary, Canadian cleantech remains resilient despite the tech funding downturn.
i4 Capital closes over $40 million toward new $60-million deep tech fund
The fund is backed by the Fonds québécois d’amorçage Teralys, Fondaction, and the Fonds de solidarité FTQ.