Québec bets on buying homegrown tech to boost province’s productivity
I Adopt Québec’s Tech campaign launches to encourage businesses to buy local tech and services.
Québec
Mila and Inovia launch venture fund to turn AI research “diamonds” into startups
National platform targets $100-million USD fund with plans to back 55 companies.
Mila researchers target “AI psychosis” amid concerns about chatbots’ mental health impact
Research hub’s AI Safety Studio looks to limit chatbot outputs that feed users’ delusions.
Ssense founders’ bid to buy back company successful, pending approvals
Deal for control of embattled luxury retail platform expected to close before Feb. 13.
Feds sign five-year MOU with Coveo in latest AI partnership
Government will explore how it can use the company’s platform in its operations.
Amiral Ventures holds $40-million first close to address “lack of leadership” in Canadian VC
Montréal firm backed by Québec government, Desjardins Capital, and nearly 50 individual LPs.
Canadian payments companies’ “sugar high” ended in 2022. VCs say a new spike is coming
Payments startup creation dropped by 44 percent from 2022 to 2023, according to Luge Capital report.
National Bank sues Flinks co-founders for alleged non-compete violation
Founders of new startup Deck deny allegations, say they were authorized to build venture.
Lightspeed will pay $11 million to settle class-action suit, Québec judge rules
Retail tech firm admits no liability for allegations of overstating performance metrics.
Montréal’s seventh Startup Community Awards get a new home, and a new tone
After community feedback, revamped awards use new innovation hub to refocus on founders.
Lightspeed president JD Saint-Martin returning to VC roots at Boreal Ventures
Saint-Martin will join the Montréal firm at the end of March as it raises its second fund.
Xposure Music’s $42.5-million USD raise will help it spot the next generation of streaming music stars
Montréal music buyer uses AI analytics to bet on long-term indie music success.
Partage Club bets on the sharing economy with item-lending app
Montréal startup raises $2.1 million to expand across Canada and internationally.
Amid global DEI backlash, Canadian VC sees more women and visible minorities in leadership roles
DEI initiatives remained important in Canada in 2024, but climate pledges lagged.
Sweden brings urgency—and royalty—to Montréal as it seeks AI research partnership
Swedish deputy PM says countries must be “risk aware, not risk averse” as royal delegation visits Mila.