New Life Sciences Fund and leadership churn reveal continued reset at BDC
Growth Venture Fund leader is out nine months after BDC allocates $1 billion and expands mandate.
Quebec
Sonder collapses after spending nearly $3.7 million on now-defunct Marriott deal
Short-term rental company winding down operations “immediately” amid ongoing liquidity issues.
BenchSci inks multi-year partnership with Mila to develop AI for drug discovery
Collaboration aims to build AI systems capable of biological inference and experimental assay prediction.
Stingray to buy media streamer TuneIn for $175 million USD
San Francisco-based company will “significantly expand” Stingray’s global footprint.
Flare raises another $30 million USD to fuel global cybersecurity expansion and acquisition plans
Montréal software company aims to help organizations spot and mitigate online threats.
Maket secures $3.4 million to make floor planning quicker with AI
AI-powered architecture platform is preparing to launch its 2.0 version next year.
Five trends shaping the future of FinTech: Insights from the Canada Fintech Forum
Startups, banks and regulators contend with stressed customers, stalled stablecoin, and accelerated threat timelines.
Canadian AI pioneers Yoshua Bengio and Geoffrey Hinton join global call to ban superintelligence development
More than 1,500 sign open letter warning of loss of freedom, dignity, and “potential human extinction.”
Harley Finkelstein and David Segal spill the tea on entrepreneurship at “Made in Montréal” event
Shopify president and DavidsTea founder urge founders to buck relocation pressure and make Canada their launchpad.
Are Canadian entrepreneurs willing to let their old companies die?
Leaders discuss the challenges, opportunities, and pressures of AI adoption at ALL IN.
The feds are ALL IN on AI
It was a good week to be Canada’s AI darling. One day after the company announced another $100 million USD in funding to…
Tailscale’s CEO has an idea “worth billions” for AI startups
Avery Pennarun is building the air traffic control for AI agents. He needs help to make sure the planes land safely.
BDC Capital promotes Mona Minhas to managing partner of Thrive Venture Fund
The appointment comes after BDC’s $50-million Thrive ETA Fund announcement.
Google Android head Sameer Samat, FinTech CEO Odilon Almeida join Lightspeed board
CEO Dax Dasilva says the pair “fortify two strategically important areas” for the company.
Canada hopes to build a sovereign cloud to counter US dominance. It won’t be easy
The alignment on need for Canadian-controlled infrastructure has not yet been met with a plan to execute.