Xanadu to go public on Nasdaq and TSX in $3.6-billion USD SPAC deal
Transaction expected to raise up to $500 million USD.
hardware
Black-led startups secure record-breaking $400,000 at DMZ’s Black Innovation Summit
OutreachGenius, Happly.AI among winners taking home more money than ever before.
Maritime Launch gets $10-million loan from EDC to build Nova Scotia spaceport
Spaceport Nova Scotia is developing the required infrastructure for future orbital missions.
Canadian semiconductor leaders see opportunity, and risk, in US takeovers
Leaders at HardTech Summit optimistic about Canadian mergers but want more support for scaleups.
Waabi’s self-driving system now powers Volvo’s new autonomous truck
Waabi Driver integrated into the Volvo VNL as companies look to commercialize self-driving trucks.
Founder Katherine Homuth submits bid to rejoin SRTX as company enters strategic review
Rip-resistant tights maker to temporarily lay off workers as new CEO departs.
Untether AI files for bankruptcy following AMD acquihire
Bankruptcy filing reveals $128 million owed to creditors, including early backer Radical Ventures.
AI minister won’t rule out American involvement in Canada’s sovereign cloud
Evan Solomon says sovereign cloud strategy may have room for “multiple players.”
Gen Z wants BlackBerry back. Why?
Plus: Open banking details expected in #Budget2025.
Danielle Smith expands ministerial team leading Alberta’s $100-billion AI data centre push
Nathan Neudorf joins finance and innovation colleagues as data centre proposals outpace power grid capacity.
Deep Sky aims to build one of the world’s largest carbon capture facilities in Manitoba
Province has “ideal geology” for $500-million facility’s carbon storage.
Canadian cloud providers unite to launch sovereign cloud offering for government
ThinkOn, Hypertec Group, Aptum, and eStruxture team up to keep data under Canadian control.
NordSpace and C-Core partner to build ground station infrastructure across Canada
Stations support tracking and controlling aerial systems like satellites.
Hyperlume snapped up by San Jose-based Credo for undisclosed amount
Sale comes seven months after the Ottawa startup’s nearly $18-million CAD seed round.
Attabotics’ story ends with asset sale to Kentucky engineering firm
Deal comes months after Attabotics filed for creditor protection amid cash flow challenges.