Reliant on US materials and production, Canadian consumer goods startups could be caught in trade war crossfire
Pet food company Healthybud says Canada’s retaliatory tariffs will take a bigger bite out of its margins.
hardware
Emmertech leads Rayhawk seed round to automate dangerous rail car loading work
Rayhawk’s proprietary technology automates opening, inspecting, closing, and sealing railcars lids.
SRTX temporarily lays off 40 percent of staff ahead of US tariff “worst-case scenario”
Sheertex tights maker says tariffs could slap 41-percent duty on some shipments to US.
Waabi inks partnership with investor Volvo to develop and deploy self-driving trucks
CEO says deal gives Waabi next puzzle piece it needs for autonomous trucking at scale.
Startup support networks ventureLAB and The Firehood appoint new leaders
The Firehood gains new executive director while ventureLAB selects head of medtech initiatives.
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.
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.