Mangrove Lithium secures $50.4 million to construct lithium refining plant in British Columbia
Company claims facility will produce enough battery-grade materials annually to power 25,000 EVs.
hardware
VueReal secures $58.4-million CAD Series C to boost its semiconductor production
Existing backers double down on Kitchener-Waterloo microprinting tech startup.
Federal, Ontario governments contribute to Linamar’s $1-billion EV manufacturing investment
ISED commits up to $169.4 million through Strategic Innovation Fund as Trump tariffs loom.
SRTX’s Katherine Homuth wants to solve for everything
SRTX founder explains how solving for one problem led to modernizing Western manufacturing.
Wound care device maker MolecuLight secures $39.5 million CAD from UK-based Hayfin
Toronto-based company says funding will support new thermal imaging, 3D visualization features.
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.
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 “marks a pivotal milestone” 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 “dead wrong” 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 can’t 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 “substantially improves” D-Wave’s 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.