Xanadu strikes deal to raise up to $300 million USD
Toronto firm announces the deal the same day it claims quantum breakthrough.
Ontario
Quantum Bridge raises $8 million USD to prepare for “Q-Day”
Series A funding will help U of T spinout scale its Q-Day-ready encryption method.
Angel Investors Ontario joins CSCA as it makes new pitch for government funding
With its future still uncertain, AIO hopes the CSCA will help advance its mission nationally.
N49P’s $25-million USD first close for Fund IV will help it hunt more “diamonds in the rough”
Toronto VC firm aims to raise $70 million to invest in more nascent tech startups.
Relay secures $50 million USD to bring more small businesses to its banking platform
Toronto FinTech firm aims to build “financial command centre” for self-made small businesses.
OpenAI partners with 1Password to secure coding agent Codex
Toronto firm’s new Codex integration aims to protect credentials in software workflows.
Cohere acquires second company with German ties in Reliant AI
Acquisition is intended to accelerate entry into the healthcare sector.
Kritik is equipping profs for the AI “arms race” coming to classrooms
Ex-Top Hat founder’s edtech startup sells peer-grading and AI software to university professors.
Inside ventureLAB’s bid to bring AI to Ontario’s critical industries
The Critical Industrial Technologies initiative helps Ontario’s SMEs move from working pilot to working business.
Xanadu reports larger net loss than expected, but quadrupled revenue in first public earnings report
Company eyeing the “big prize” of a Toronto-based quantum data centre by 2029.
Feds back new group embedding graduate researchers with Canadian companies
TICAN will work with firms to identify R&D challenges, then find grads who can solve the problem.
CMC Microsystems picks 11 winners for $10.7-million edge computing challenge
Funding comes through FABrIC network, which aims to grow Canada’s advanced semiconductor capabilities.
Rave takes fight with Apple over App Store removal to Canada’s Competition Tribunal
Ontario startup also pursuing legal action in the US, Brazil, the Netherlands, and Russia.
Canadian-founded Opennote acquired by San Francisco-based Reducto
Reducto says it will bring on the Y Combinator alum’s entire team.
The BetaKit Guide: Toronto Tech Week 2026
Your cheat sheet to one of the busiest weeks in Toronto tech.