Inovia secures $200-million USD first close for sixth early-stage VC fund
Fund VI will be Inovia’s “first completely AI-native fund” and focus on frontier tech.
Hardware
Tenstorrent secures $1.5 billion USD at $6.2-billion valuation to challenge GPU dominance
Canadian-founded chipmaker is betting that the future of AI inference is open-source.
Rozvelt built a high-tech mask for hunters. Defence buyers see something bigger.
Montréal startup secures $3.1-million seed round on interest from defence players.
Mecka AI recruits growth hackers behind “IRL sidequest” app Thirdspace
Thirdspace’s founders have been tasked with scaling Mecka’s home data capture app.
Ukraine’s Starlink cutoff is a blinking red light for Canada
Plus: Why startups are making “dystopian” ads.
Waymo to begin robotaxi pilot in Toronto, but with human drivers until 2028
US robotaxi giant will take a phased approach that aims to eventually serve riders autonomously.
Promise Robotics strikes deal to supply largest US homebuilder DR Horton
Toronto AI homebuilding startup to open its third factory in Phoenix, Arizona.
Calgary philanthropist donates $30 million to fund drone facility at SAIT
Bissett Autonomous Aviation Park will train and test autonomous aircraft as part of new diploma program.
SenseHuman AI is building an AI-powered hardhat that watches your back
The Edmonton company has developed a hardhat with machine vision. Now it’s trying to scale.
Intellijoint Surgical wants to prove Canadian medtech companies can grow on their own terms
The Waterloo company expected to sell. Sixteen years later, it is building to stay.
Mecka AI reveals $60-million USD Series B round backed by Sequoia, Nvidia
Startup aims to provide the real-world training data required to deploy robots.
OSCP closes $6-million USD Series A round to power navigation without GPS
Montréal photonics startup aims to disrupt the IMU market with a smaller, more accurate alternative.
Femtum opens new Québec City factory to build more lasers for chipmakers
The $2.1-million headquarters dramatically expands production capacity as Femtum scales to meet data-centre boom.
Canada Rocket Company breaks ground on large engine test facility in London
Company says facility will create 40 jobs and help anchor its medium-lift launch vision.
Sentinel R&D CEO says drone company is “selling directly to the Ukrainians”
Defence tech company previously signed deal with Airlogix to supply Canadian drones to Ukraine.