Private equity firm Novacap raises more than $1-billion USD for first digital infrastructure fund
Novacap CEO says digital infrastructure will remain in high demand due to growth of AI.
Hardware
Canadian quantum commercialization and research projects get federal funding boost
Three commercialization projects get $4.7 million from DIGITAL, NSERC grants $74 million to 107 research projects.
Xanadu claims networking breakthrough with new photonic quantum computer Aurora
Aurora âmarks a pivotal milestoneâ on the path to useful quantum computers.
Home hardware: Canadian founders at CES talk challenges and opportunities
Canadian companies took home honours at the consumer trade show, but want more support.
D-Wave CEO says Nvidia CEO Jensen Huang is âdead wrongâ about quantum computing
Huang sent the share prices of quantum companies down after expressing a pessimistic outlook on the sector.
In 2024, Canada struggled to find its place in the global AI race
Canada canât outspend its peers. So how might it outsmart them?
Jolt Capital moves newly acquired French semiconductor carveout to Québec
Dolphin Semiconductor establishes Montréal headquarters with $40-million CAD investment.
Fluid Biomed closes $27-million USD Series A to fund expanded human clinical studies
University of Calgary neurosurgeons aim to deliver a better brain stent.
D-Wave completes $175-million USD stock sale to fuel quantum computing development
CEO says fundraise âsubstantially improvesâ D-Waveâs financial strength.
Spexi raises $16.2-million CAD Series A for blockchain-based drone imagery network
Startup’s long-term goal is to reward drone pilots on its platform with a native crypto utility token.
Foreign and domestic AI with Tenstorrent and Cohere
Plus: Canada Post strike didn’t slow Shopify’s BFCM weekend.
Cohere secures federal backing to build multibillion-dollar Canadian AI data centre
This marks the first investment through the new Canadian Sovereign AI Compute Strategy.
Federal government outlines $2 billion in AI compute spending commitment
Strategy includes $1.3 billion for computing infrastructure and $700 million for AI data centres.
Sheertex maker SRTX gets $35 million CAD backing from IQ to grow manufacturing operations in Québec
STRX looking to close $70-million CAD convertible note financing round before end of year.
AI chipmaker Tenstorrent closes nearly $700-million USD Series D at $2.6-billion valuation
Samsung, Bezos-backed financing comes after the firm quietly relocated to the US.