RenoRun granted court extension in insolvency filing to pursue sale
RenoRun asked for extension amid “a high level” of interest from potential buyers.
Montréal
AI beauty lab Omy raises $11 million CAD to expand personalized skin care product line in North America
Omy launched its AI virtual skin consultant in 2020.
Medfar secures $30 million CAD, looks to acquire more electronic medical record software providers
Medfar was built by two aeronautical engineers who wanted to digitize health clinics
Optable raises $26 million CAD to help companies improve advertising campaigns
Optable is backed by a group of corporate venture investors.
BDC launches $150 million Sustainability fund in revamp of Industrial, Clean and Energy Technology Venture Fund
The Sustainability Venture Fund is set to complement BDC’s $400 million Climate Tech Fund.
Mila secures $21 million from Québec government to support ethical AI research, projects
The provincial government also invested $14.3 million into ten incubators, accelerators.
MY01 raises $12.5 million CAD for microsensors that aid in physician diagnostics
Montréal medtech startup uses microsensors to help doctors diagnose acute compartment syndrome.
Meet the Canadian startups participating in Y Combinator’s Winter 2023 Demo Day
A total of 282 companies participated globally.
Eli raises $5 million to make at-home hormone testing for women more accessible
“It will allow us to build a large-scale dataset of daily hormone levels for the first time in history.”
Yoshua Bengio, major tech leaders call for six-month pause on advanced AI development in open letter
Elon Musk, Steve Wozniak, and DeepMind scientists also signed the letter.
Coveo taps former Lightspeed, D2L exec Brandon Nussey to replace retiring CFO Jean Lavigueur
Incoming Coveo CFO previously led Lightspeed’s TSX, NYSE IPOs.
After a tough year, Goodfood switches up CFO, promoting VP Roslane Aouameur
Aouameur’s strategic focus will be on profitability and positive cash flow.
RenoRun files for creditor protection after failed pursuit of “Hail Mary” deals to save company from insolvency
The filing follows four attempts to raise bridge financing and multiple rounds of layoffs.
Noze receives $1 million grant from Bill & Melinda Gates Foundation to build TB- and malaria-detecting breathalyzer
The startup’s digital odour perception platform was used during the COVID-19 pandemic.
Haply Robotics secures $4.8 million CAD seed round to develop tactile tech used for surgical training, gaming
Funds will go towards fine-tuning Haply’s Inverse3 device.