National AI institutes get funding and talent boost from AI strategy
Mila, Amii, Vector Institute, and CAISI receive over $200 million in financial commitments.
Montréal
Inovia promotes Mia Morisset to partner on growth team
Montréal VC firm’s third growth fund has raised $365 million USD of $450-million target.
Pricepoint closes $6.6-million CAD seed round for AI hospitality platform
All-Québec cap table includes Brightspark Ventures, Boreal Ventures, and AQC Capital.
Montréal research hospital opens new healthtech innovation hub
IMPACT Centre to help startups test and scale medical tech in real-life settings.
Saris raises $28.8-million USD Series A to automate banks’ back offices
Canadian founders of YC-backed Oohlala Mobile return with new startup.
Canada’s quantum Cassandra is finally heard
Turing Award winner Gilles Brassard has spent decades warning about the threat posed by powerful quantum encryption.
Lightspeed completes year one of transformation plan with revenue beat, earnings miss
Retail tech firm focuses on key markets with share price down 20 percent on the year.
Trane and BrainBox AI open Montréal lab to cut energy waste in buildings
Companies say emissions cut from AI systems will offset enviornmental cost of running AI.
Sagard spins up new $150-million USD AI fund
New fund will target companies helping accelerate AI adoption in financial services and other sectors.
Historic Marconi name returns as Canadian investors launch defence tech firm
Former National Bank CEO chairs new company hoping to capitalize on federal defence spending.
Cohere acquires second company with German ties in Reliant AI
Acquisition is intended to accelerate entry into the healthcare sector.
Ex-Hugging Face, Salesforce leaders partner on AI sustainability venture
Sustainable AI Group aims to help enterprises manage AI’s environmental impact.
AI investment firm DevCap closes $5 million as it eyes public listing
10 startups in, the poker players-turned-VCs behind the firm unpack its progress and plans.
MDA Space aims to deliver up to 400 satellites per year after Montréal facility expansion
After two years of construction, company has doubled its manufacturing floor space.
Montréal’s Deep Sky partners with French energy company ENGIE
Under the partnership, ENGIE will purchase carbon removal credits, collaborate on research and development.