Mecka AI announces $60 million USD to power physical AI
Canadian-led startup aims to build “the data and deployment layer” for robotics.
Funding
Version One Ventures raises $108 million USD across two new funds
But Vancouver-based deep tech investor is increasingly looking outside of Canada.
Saris raises $28.8-million USD Series A to automate banks’ back offices
Canadian founders of YC-backed Oohlala Mobile return with new startup.
Investor burn books and FaceTiming Serena Williams: three founder fundraising stories from Homecoming
CEOs of Float, Neo Financial, and Rebel told Homecoming attendees how they courted investors.
Lastwall raises $16 million to defend critical infrastructure in cyberspace
CEO says modern cyber warfare involves targets once considered off limits.
Peripheral establishes first biomechanics basketball shooting lab in Toronto
U of T robotics grads and ex-racecar builders return to apply self-driving tech to sports.
Canada injects millions into AI research program amid “global war” for talent
A $24-million investment will support 20 new appointees to CIFAR’s AI Chair program.
Quantum Bridge raises $8 million USD to prepare for “Q-Day”
Series A funding will help U of T spinout scale its Q-Day-ready encryption method.
N49P’s $25-million USD first close for Fund IV will help it hunt more “diamonds in the rough”
Toronto VC firm aims to raise $70 million to invest in more nascent tech startups.
Alberta partners with Amii to establish Health Innovation Lab
Lab will focus on integrating AI into provincial healthcare development.
Sagard spins up new $150-million USD AI fund
New fund will target companies helping accelerate AI adoption in financial services and other sectors.
Relay secures $50 million USD to bring more small businesses to its banking platform
Toronto FinTech firm aims to build “financial command centre” for self-made small businesses.
PrairiesCan reveals $6.8 million in AI support funding at Upper Bound
Edmonton’s largest AI conference celebrates its fifth anniversary this year.
Feds back new group embedding graduate researchers with Canadian companies
TICAN will work with firms to identify R&D challenges, then find grads who can solve the problem.
CMC Microsystems picks 11 winners for $10.7-million edge computing challenge
Funding comes through FABrIC network, which aims to grow Canada’s advanced semiconductor capabilities.