AI investment firm DevCap closes $5 million as it eyes public listing
10 startups in, the poker players-turned-VCs behind the firm unpack its progress and plans.
Quebec
MDA Space aims to deliver up to 400 satellites per year after Montréal facility expansion
After two years of construction, company has doubled its manufacturing floor space.
OpenAI violated Canadian privacy laws, federal and provincial watchdogs say
Privacy commissioners say OpenAI broke the rules by scraping Canadian data to develop and train ChatGPT.
Montréal’s Deep Sky partners with French energy company ENGIE
Under the partnership, ENGIE will purchase carbon removal credits, collaborate on research and development.
Lightspeed offloads Upserve at a discount as transformation plan continues
Montréal-based payments firm sells US hospitality business for nearly $350 million less than it paid.
SBQuantum nabs $4 million USD, new CEO as it preps for US expansion
Sherbrooke firm secures first private capital after deploying its quantum sensors in space.
Hypertec becomes key partner for Nvidia in Canada
OEM designation means more visibility amid the global AI race.
Novisto acquires UK-based Minimum to build “all-in-one” ESG platform
Montréal company to integrate Minimum’s carbon accounting tech and grow European footprint.
SBQuantum wants to help the world navigate in a post-GPS era
Québec deeptech startup sends quantum sensor into space to monitor Earth’s magnetic field.
Spark Microsystems secures additional $17 million in Series B funding
Montréal chip firm aims to enable next-gen, short-range wireless communications.
Hopper’s biggest customer is bringing its travel platform in-house
Capital One takes over operations of Capital One Travel, reportedly bringing on many Hopper staff.
Canadian companies make their case at Nvidia’s GTC conference
Cohere, Telus, and others showcase how they’re building with Nvidia’s dominant AI infrastructure.
Boreal Ventures launches second seed fund with $43-million first close
Ex-Lightspeed head JD Saint-Martin takes over as co-managing partner as Montréal VC aims to raise $60 million.
Femtum thinks its semiconductor cutting lasers are better than yours
Québec startup raises $16 million to get its “practical” lasers inside more semiconductor manufacturers.
BDC expands Defence Platform to $6 billion and names a StrongNorth Fund leader
Feds inject $1.2 billion more into BDC’s strategy to help SMBs seize defence opportunities.