AutoAlign spins off from Armilla AI, launches firewall solution for LLMs
The solution guards against AI flaws while evolving alongside LLMs.
Ontario
Across-the-pond acquisitions: Descartes acquires ASD, HR Path acquires GroupeX
Descartes continues its acquisition spree while GroupeX joins HR Path’s growing Canadian portfolio.
Versaterm continues acquisition spree with purchase of Integrated Computer Systems
Public safety tech firm has acquired 10 companies since 2020.
Swtch Energy secures $27.2 million USD to continue deployment of EV chargers for multi-unit buildings
Round leader Blue Earth Capital said Swtch’s focus is a market opportunity to grow the clean energy economy.
Contango Digital Assets closes $5 million for “Blockchain x AI” seed fund
Backed by WonderFi CEO Dean Skurka, the fund seeks to support projects using both blockchain and AI.
DMZ receives $500,000 grant to expand Basecamp program for student entrepreneurs
To date, Basecamp has helped over 365 students launch 151 startups.
Well Health acquires 10 primary care medical clinics from Shoppers Drug Mart
Well says it will integrate digital workflows, patient engagement tech, and AI tools into the clinics once acquired.
Untether AI to collaborate with semiconductor giant Arm on smart vehicle solutions
Untether says its energy efficient architecture is needed to support next-gen vehicles.
Vidyard rolls out AI avatars after securing funding from EDC and existing backers
With AI Avatars, Vidyard aims to facilitate “personalized video communications at scale.”
Pinterest is on a Toronto hiring spree to scoop up AI talent
CTO Jeremy King says company aims to use AI and ML to make Pinterest more “shoppable.”
Avidbots launches Kas, a smaller cleaning robot targeting new markets
Avidbots has slimmed down for hot bot summer.
Riskthinking.AI selected by OSFI to provide financial institutions with climate risk data
Exercise aims to encourage FIs to adopt sound climate risk management practices.
IPON invests $4.6 million to build IP capacity at post-secondary institutions
IPON has made $6.6 million in investments in the last year.
Define Capital closes $20 million to acquire and nurture profitable niche software companies
New Toronto private equity fund aims to follow in Constellation’s footsteps.
Eirene raises $4.1-million seed round to simplify end-of-life solutions
Funding will support Eirene’s expansion into the US.