Nesto secures nearly $1.5-billion valuation in new Series E round
Montréal-based digital mortgage lender wants to speed up approvals using AI.
Québec
Montréal innovation hub Ax.c secures renewed funding and DMZ partnership
Government-backed hub hosted more than 250 events in its first year of operation.
Cohere signs exploratory AI agreement with Québec government
MOU tasks Toronto AI company with exploring AI use in province’s public service.
National AI institutes get funding and talent boost from AI strategy
Mila, Amii, Vector Institute, and CAISI receive over $200 million in financial commitments.
Inovia promotes Mia Morisset to partner on growth team
Montréal VC firm’s third growth fund has raised $365 million USD of $450-million target.
Montréal research hospital opens new healthtech innovation hub
IMPACT Centre to help startups test and scale medical tech in real-life settings.
Saris raises $28.8-million USD Series A to automate banks’ back offices
Canadian founders of YC-backed Oohlala Mobile return with new startup.
Canada’s quantum Cassandra is finally heard
Turing Award winner Gilles Brassard has spent decades warning about the threat posed by powerful quantum encryption.
Lightspeed completes year one of transformation plan with revenue beat, earnings miss
Retail tech firm focuses on key markets with share price down 20 percent on the year.
Trane and BrainBox AI open Montréal lab to cut energy waste in buildings
Companies say emissions cut from AI systems will offset enviornmental cost of running AI.
Sagard spins up new $150-million USD AI fund
New fund will target companies helping accelerate AI adoption in financial services and other sectors.
Historic Marconi name returns as Canadian investors launch defence tech firm
Former National Bank CEO chairs new company hoping to capitalize on federal defence spending.
Cohere acquires second company with German ties in Reliant AI
Acquisition is intended to accelerate entry into the healthcare sector.
How to take AI from demo to real-world deployment
Why strong AI prototypes stall and what it takes to turn them into systems people can trust.
Quantum startup Nord Quantique secures $1.4-billion USD valuation
Québec-based company is one of Canada’s leaders in quantum computing.