Tenstorrent founder reveals new AI chip startup Taalas with $50 million in funding
Startup says one of its chips can hold an entire large AI model without requiring external memory.
Ontario
Synctera secures $18.6-million Series A extension, launches new payments integration
Synctera launched its embedded banking platform for Canada in December 2023.
RBCx launches second edition of mentorship program for women in tech
The previously all-women mentorship roster now includes men.
Angel Investors Ontario’s long-term future is unclear as FedDev funding dries up
AIO appoints Mark Lawrence as interim head to steer the organization after departure of Jeffrey Steiner.
Bench IQ raises $2.8 million CAD in pre-seed funding with buy-in from Maple VC, Haystack
The minds behind Ross Intelligence are back.
Midjourney competitor Ideogram closes $80-million USD Series A as it launches latest text-to-image model
The fundraise comes just six months after its $22.3-million seed round.
QueerTech acquires accelerator Gradient Spaces to support more 2SLGBTQ+ tech workers
According to QueerTech, less than one percent of venture capital deals go to Queer entrepreneurs.
Four Canadian companies selected to Comcast SportsTech Accelerator
Canada lead the pack with the highest number of companies in the global cohort.
Medical sharing platform Figure 1 acquired by Physician’s Weekly
Figure 1 has developed a platform for clinicians to discuss and share medical knowledge.
Helius raises $12.8 million CAD to help devs build blockchain apps on Solana
The Web3 startup was founded by former Coinbase and AWS software engineers.
As Techstars makes changes, the future of its Toronto accelerator is uncertain
Techstars Toronto has paused applications with leader Sunil Sharma transitioning away.
Helika closes $10.8-million CAD Series A for Web3 gaming analytics platform
Following success in North America and Europe, Helika wants to expand to the Asia-Pacific market.
Ontario companies receiving $17.2 million in federal funding to commercialize quantum solutions
Xanadu, High Q, ProteinQure among companies receiving funding.
Golden Ventures closes nearly $140 million CAD for fifth seed-stage VC fund
Despite a tough market, Golden remains “long Canada” with strong support from existing LPs.
Y Combinator and Yoshua Bengio-backed Armilla AI secures $6 million CAD in new funding
Armilla says its AI model warranty could have covered Air Canada’s chatbot snafu.