Public safety tech platform Versaterm acquires Texas firm DroneSense for more than $100 million USD
Versaterm CEO says deal “moves us closer to a future where drones are as routine as any patrol or fire unit.”
Ontario
Ontario Premier Doug Ford officially cancels province’s contract with SpaceX’s Starlink
Province follows through on US tariff countermeasure, pays undisclosed break fee to Elon Musk’s company.
NGen helps lead $108-million investment in sustainable manufacturing tech
News comes as Carbon Upcycling breaks ground on a CO2 capture facility.
Canada awards $14.6 million contract to space triumvirate to build its new lunar rover
MDA Space, Mission Control, and Canadensys to begin exploring size and scope of “long-term project.”
Cybersecurity startup Cavelo secures $5-million seed extension round led by Inovia Capital
CEO of Waterloo company claims growth over past year “has been nothing short of incredible.”
Why the people building the future of AI systems are heading to Toronto for KDD-2025
Leaders from Apple, DeepMind, Cohere, and more are gathering to confront the demands of modern data science.
Growcer snaps up assets of bankrupt US rival Freight Farms
Ottawa-based modular farming startup now has over 600 new customers from 30 different countries on its plate.
Cohere to access Canadian AI infrastructure and new clients through partnership with Bell
Startup will provide AI tools to Bell’s Canadian government and enterprise customers.
Lack of M&A and IPOs drives global secondary market to new record
Northleaf has raised $908 million CAD for its fourth secondary fund at the perfect time.
Ontario nurtures forest-based innovation accelerator CRIBE with $5-million investment
Funding aims to grow and commercialize companies creating forest-based solutions.
Femtech Canada hopes to bring women’s healthtech to market through its first commercialization program
Program provides $20,000 in commercialization assistance services from physician groups and contract organizations.
Mantle rolls out free cap table management tool for early-stage startups
Canadian Carta competitor aims to help nascent companies organize their ownership structure
a16z says OpenSesame to Canadian agentic AI startup for its speedrun accelerator
Aidan Gomez-backed startup still unsure if it will follow Cohere CEO’s advice on remaining in Canada.
Michael Yang departs OMERS Ventures as pension fund refocuses on Canada in “strategic shift”
Canadian team members Saar Pikar, Laura Lenz take on new roles as US investment team shrinks.
AI-powered 9-1-1 call screening startup Hyper exits stealth with $6.3 million USD
Yukon-originated startup founded by repeat Canadian entrepreneurs Damian McCabe and Ben Sanders.