Coveo snags SIF investment as AI project funding flows during ALL IN 2024
Oceans Supercluster also doled out $4.5 million and Scale AI teased a call for projects.
Québec
Insurtech startup YouSet raises $3.5-million CAD seed round
The startup claims to save users nearly 30 percent on coverage in a process that takes minutes.
Xanadu and CMC among partners in academic quantum projects receiving $7.4 million in federal grant funding
INRS has three projects receiving funding from NSERC.
Workstaff closes $1.6-million seed round with ambitions to expand beyond Canada
Startup has doubled team from six to 15 people, with plans to funnel funding first into the US.
ReliON secures $3 million as the first company incubated out of Diagram Ventures ClimateTech fund
Diagram led the round as ReliON looks to bolster its EV charger operation and maintenance platform.
Point Laz raises $1.2 million to bring mine shaft scanning device to market
The startup said its first 10 commercial scanners are now set to be produced and exported worldwide.
Clutch receives $10-million strategic investment from iA Financial group
The investment will see iA’s insurance products integrated into Clutch’s online vehicle marketplace.
Polystyvert closes $16 million Series B tranche, looks to open first commercial recycling plant
Polystyvert expects to close a second tranche within three months that brings the round up to $30 million.
DistriQ joins Quantum Industry Canada as advocacy group continues membership drive
Quantum Industry Canada has added more than 20 members and affiliates since the beginning of 2024.
Accelia Capital promotes Julien Letartre to become its third partner
Letartre joined Accelia in 2022, bringing experience from Caisse de dépôt et placement du Québec.
Propulso raises strategic funding to facilitate US expansion
Propulso says the funding has already allowed it to double its workforce.
FLO charges ahead with $136 million CAD to expand network, product line
EV charging firm sees support from EDC, CDPQ, Investissement Québec, and more in latest financing round.
Boeing backs Québec’s new aerospace innovation zone with $240 million CAD
Québec said Espace Aéro comes with $415 million in planned investment.
Three Canadian companies among finalists of Musk-funded XPRIZE Carbon Removal competition
Skyrenu, Arca, and Planetary are entering the last stage of the $100-million, four-year-long competition.
Unbounce among the latest #CDNtech companies making changes at the top
WeCook, Aifred Health, and Stream Systems have also made leadership changes this month.